Approval workflows

When you subscribe to the service, we will assist you to set up the access and administration parameters per user and transaction via Piraeus e-banking:

• Access and user rights per user, such as monitoring of balances
• Performance of specific transactions or just entry of transactions to be approved by another authorised user
• Option of hiding products with in the portfolio such as hiding your company’s investment portfolio from specific users
• Different approval level per user and transaction type
• Different monetary limit per transaction and per user combination

To complete monetary transactions, you may set a condition for actions by a combination of authorised users. This approval mechanism requires actions by multiple users with different approval levels:

1. The first users log into Piraeus Business e-banking. They may enter the details of the transaction, but cannot complete it with out approval by the rest of the users you have specified.

2. Each of the rest of the users logs into Piraeus Business e-banking. They will view a pending transaction in their messages. They will check the details of the transaction and the person who entered it. They will either approve or reject the transaction. This action may be performed either via the Piraeus Business web banking service or via the Piraeus Business app.

3. The transaction will be performed after all the users in the combination have approved it.

For certain actions or transactions, the system itself may require a two-factor authentication. The second factor is the 6-digit extraPIN you will receive via SMS on your mobile or by using the extraPIN generator device.

Read more: All these security measures are important so as to manage your portfolio via Piraeus e-banking