Keith said:
Barclays Internet Banking. Specify 'business' requirement.
Two 'readers', each attached to separate home computers (USB cable). The
computers can be anywhere, they don't even have to be in same country..
Install Barclays software on each home computer. One person as 'User',
one as 'Verifier'. Each has own card/password. User inputs payments,
advises Verifier by email they're ready for approval. Verifier
authorises payments, User then submits them to Barclays.
Suitable for domestic UK, SEPA and worldwide transactions.
CAF Bank's offering is rather more flexible. It requires neither
"readers" nor special software, you just log in via their website.
You can register more than two people, and any one of them can then
instruct a transaction, whereupon it becomes pending, awaiting
confirmation. Any one of the other signatories can then log in
separately via to confirm it.
What they are inflexible about is that all external transactions
(including cheques) must be dual authorised (other banks generally
require groups to have more than one signatory, but mandates are
possible where only one signature suffices), and in the case of
cheques this ridiculous requirement invariably leads to pre-signing
of batches of blank cheques (often a whole book) by one signatory
so they are ready for use by the person who actually writes them.
CAF Bank does allow single-authority transactions but only for
internal transfers (between the customer's cheque and savings accounts,
or between their cheque account and a nominated external account in
the name of *the same* customer. CAF Bank are associated with the
Charities Aid Foundation and all their customers must be charities.
