What is Maker-Checker?
The Maker-Checker (Four-Eyes Principle) is a critical security control mechanism designed to enhance financial transaction safety and prevent unauthorized or fraudulent transactions. It introduces a two-step verification process for sensitive financial operations.Core Concept
Basic Workflow
- Maker: Creates the initial transaction
- Checker: Reviews and approves/declines the transaction
Scope of Application
Applicable Transactions
- Payout transactions
- Bulk payout transactions
Activation
How to Enable
- Navigate to Settings > Security
- Toggle the Maker-Checker option
Roles and Permissions
Manage Maker-Checker
Comprehensive Permissions:
- View maker-checker
- View transaction approval
- Manage maker-checker settings
- Approve transactions
- Decline transactions
- View analytics
- Full system configuration
- Complete transaction control
- Comprehensive reporting access
View Maker-Checker
Limited Permissions:
- View maker-checker
- View transaction approval
- Read-only access
- No modification rights
- No approval capabilities
Permission Matrix
| Permission | Manage Role | View Role |
|---|---|---|
| View Maker-Checker | ||
| View Transaction Approval | ||
| Manage Maker-Checker | ||
| Approve Transactions | ||
| Decline Transactions | ||
| View Analytics |
Transaction Lifecycle
-
Initiation (Maker)
- Create transaction
- Submit for approval
- Transaction status: Pending
-
Review (Checker)
- Examine transaction details
- Options:
- Approve transaction
- Decline transaction
-
Outcome
- Approved: Transaction processed
- Declined: Transaction rejected
- Pending: Awaiting review
Best Practices
-
Segregation of Duties
- Makers cannot approve their own transactions
- Checkers must be different from makers
-
Security Measures
- Implement multi-factor authentication
- Maintain comprehensive audit logs
- Regularly review role assignments
Troubleshooting
- Transaction Stuck: Contact system administrator
- Permission Issues: Review role configuration
- Approval Delays: Check checker availability