Dual authorisation for online and phone banking

Third Sector magazine reports (http://www.thirdsector.co.uk/news/1180589/) that the Payments Council has come to an agreement with all banks and building societies in the UK that they will provide “dual authorisation” of transactions online or by telephone before the end of the year.

Any account that allows dual authorisation for cheques will also get it for at least one other medium, so that the common charity requirement that cheques must have two signatures can be replicated.