As of this Friday (October 1), the Central Bank (BC) will bring news regarding the PIX rules. With social isolation and the Covid-19 pandemic coming to an end, there was a greater movement in establishments such as restaurants and bars and, consequently, a greater number of scams were also recorded.
In order to protect the data of PIX users, the president of BC — Roberto Campos Neto — decided to approve, in August, a list to limit the number of deposits made and the sharing of data passed on to public safety institutions. At the time, President Campos Neto stated that the measures could avoid orange accounts, since to obtain the resources it is necessary to have a bank account.
What this article covers:
What influenced the approval of the new PIX rules?
During the growth of the so-called “PIX gangs”, the practice of social engineering and public safety attacks is very common. In these attacks, for example, the scammer can impersonate a company and send a ticket to the victim and the money intended for said company is diverted to the scammer’s account.
In order to solve crimes of this nature, the Central Bank defines that financial institutions will have the obligation to share information in case of suspicious transfers to public security authorities. Thus, it will be very likely to identify criminal activities and those involved.
Banks, payment institutions, financial institutions and any type of business of this nature will now signal the Directory of Transactional Account Identifiers (DICT) in case of suspected fraud. The database collected will be available for consultation, in order to avoid crimes involving the same suspicious account.
What are the main changes to the PIX rules?
There will be a limit of R$ 1,000 that will be specifically worth individual microentrepreneurs (MEIs) and individuals. It also applies to Available Electronic Transfer (TED), debit cards and transfers between accounts of the same bank. Those who need a higher limit can change it on their own or register, in advance, accounts that use a limit above that established by the new rules.
The deadline for banks to increase the PIX limit also changes. Before, the request for a higher limit varied between one hour as a minimum and the next business day as a maximum period. Now, the minimum time becomes 24 hours and the maximum 48 hours for the order to be placed.
Another important novelty is that the established limits may vary according to the time of day (day and night). In the case of atypical transactions carried out from 8:00 am to 8:00 pm or suspected fraud, financial or payment institutions may withhold the transfer for up to 30 minutes and even for 1 hour if it passes this time and proceed with more security measures and analyze whether the transfer in question will be approved or not. In normal situations, a PIX transfer takes no more than 40 seconds.
Will the new rules not affect trade negatively?
Not! According to Roberto Campos Neto, president of the Central Bank, the limit of R$ 1 thousand is valid from individual to individual and especially at night. That is, the established limit is not valid for legal entities and companies, there is no possibility of “cooling” trade and negatively affecting business.
More news for the PIX in November
From the 16th of November this year there will be even more changes. The “precautionary block” is one of them, in which the account may be suspended for up to 72 hours in case of suspected fraud. The customer will be immediately notified by the bank or financial institution of the blocking of his account.
a note from central bank states that the institution will have a deeper analysis in these cases, increasing the probability of recovering data and resources of customers who may have been victims of scams or fraud involving account invasion.
Still according to the BC, the new measures for the use of the PIX will encourage users to take responsibility for fraud caused by failures in their proper security mechanisms. Such responsibility encourages users to become more attentive when establishing their security mechanisms and improving them.
The new measures, introduced in November, establish new criteria for determining fraud, such as: day and time of transaction; amount of notifications sent to the user who will receive the payment; time elapsed since the opening of the account by the receiving user; and the payer profile.
The BC states, in another note, that the announced measures are ways to reduce risk situations, increase the probability of recovering the account in case of fraud and even the resources present in the account in case of a scam. Companies like Nubank support the measures, and believe that PIX has always been a safe way to transfer money, but like any technology, it needs constant updating and renewal.