Payment authorization

payments over a certain amount have to be authorized, depending on the how the payment is payment types cos explorer a uthorization is a feature that you can use instead of a manual callback by the wire ops team callbacks under payment types , the wire ops team calls the wire initiator to confirm a request for a wire transfer if the department is closed when the request arrives, the callback will be made the next business day as a courtesy for our clients in the pacific time zone, our team refrains from performing callbacks until 12 00pm est authorize outbound transfers authorizations (approvals) are only done through authorization for outbound wire transfers originated via api you can define either 1 or 2 approvers in the system in advance you can define 2 thresholds for approvals the lower threshold would require 1 approver, and the higher would require 2 in any case, wires above 1,000,000 usd always require two approvers you can configure the minimum thresholds that require authorization use this feature to avoid callbacks from the wire ops team (for wire transfers above 1,000,000 usd but below 5,000,000 usd) it is a hold type in explorer, designed to be cleared by you without needing someone from cross river to clear the holds