The offer of scheduled photos becomes mandatory starting from Monday 28th

Financial institutions that fail to do so will be subject to sanctions.

Starting from Monday 28th, all financial institutions that offer Pix will also have to offer the Recurrent Scheduled Pix option, according to a resolution from the Central Bank. Anyone who does not do so will be subject to paying a fine.

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Pix Agendado was already offered by some banks and institutions, but until now there was no obligation to provide the service.

The mode was developed so that individuals can schedule payments that occur with a certain frequency, such as rent, allowance or other monthly expenses. Payments can be made to both natural and legal persons.

The difference between Pix Scheduled and Automatic, yet to be launched, is that in the latter it is the companies that determine the amount of payment that the customer will have to make, subject to authorization. This way it will no longer be necessary to authenticate each transaction.

For the Central Bank, the difference between the two methods makes them complementary.

More changes coming

A series of changes to the Pix will also come into force from November 1, as the Central Bank seeks to ensure greater security in operations. The measures were announced at the end of July, thus giving financial institutions time to implement process solutions.

For users, the main news will be that the BC has established a limit on the value of transfers via Pix that can be made on a different device than usual. Those above R$200 can only be made using an access device (mobile phone or personal computer) previously registered by the user.

Financial institutions will also have to present a series of improvements. I am:

• Use a fraud risk management solution that takes into account the security information stored at the CB and is able to identify Pix transactions that are atypical or not compatible with the customer profile;
• Make available to customers, on a widely accessible electronic channel, information about the precautions that must be taken to avoid fraud; AND
• Check, at least once every six months, if your customers have fraud flags in the BC database. Therefore, participants are expected to treat these customers differently, either by terminating the relationship or using a different term to authorize transactions they initiate and by precautionally blocking incoming transactions.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.