Multiple choice technology web technology

In Bancs application what is the 6-eye principle in transactions?

  1. On Hold->Release->Verify->Authorize

  2. Release->Verify->Authorize

  3. On Hold->Release->Authorize

  4. None of the above
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B Correct answer
Explanation

The 6-eye principle in Bancs requires three separate individuals to complete the transaction workflow: Release, Verify, and Authorize. This ensures proper segregation of duties and internal control, as no single person can complete a transaction independently. The 'On Hold' step is not part of the standard 6-eye principle.

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