The Central Bank’s new rules, which increase PIX security, come into force this Monday (2). According to the Central Bank, the measures aim to increase user protection and make the instant payments system safer.
Among the changes is the automatic blocking of accounts that have any reports of fraud. The changes expand the fight against scams, with the update of the ‘Special Return Mechanism’, the MED, a tool that allows blocking and attempts to recover amounts transferred irregularly.
Now, with these new rules, money can be tracked even after passing through different accounts, which increases the chances of it being returned to victims. Financial institutions are also adopting more rigorous criteria to identify suspicious transactions, in addition to blocking transactions with signs of fraud.
