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Pix system updates: New fraud protections and Caixa installment feature
The Central Bank of Brazil has implemented several updates to the Pix instant payment system to enhance security and user experience. A key change involves the Special Return Mechanism (MED), where the deadline for recipients to contest a fraudulent return has been extended from 30 to 80 days. This extension aims to protect merchants and small businesses from scams where fraudsters make legitimate payments and then falsely claim they were victims of fraud to trigger a reversal.
Additionally, the Central Bank has prohibited the inclusion of advertisements, commercial offers, or external hyperlinks in Pix payment receipts. This measure, set to take effect on March 1, 2027, is intended to prevent receipts from being used as vectors for phishing and other fraudulent activities by ensuring they remain strictly for transaction documentation.
Separately, Caixa Econômica Federal has launched a new Pix feature allowing individual customers to pay via installments. This service, available through the bank's app, allows users with pre-approved credit to split payments into up to 12 installments, with transaction amounts ranging from R$ 300 to R$ 50,000.
Entities
Banco Central do Brasil · Caixa Econômica Federal · Central Bank of Brazil · European Central Bank · Mecanismo Especial de Devolução · Pix · TIPS
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] The deadline for recipients to contest a return via the Special Return Mechanism (MED) has increased from 30 to 80 days. www.brasilemfolhas.com.br · lagartocomoeuvejo.com.br · www.direitonews.com.br · portaldaautopeca.com.br · redacaomt.com.br
- [● 2 SOURCES] Victims who sent a Pix payment have 80 days from the original transaction to request the MED. lagartocomoeuvejo.com.br
- [● 4 SOURCES] The rule updates the Operational Manual of the Directory of Transactional Account Identifiers (DICT). lagartocomoeuvejo.com.br · www.direitonews.com.br · portaldaautopeca.com.br · redacaomt.com.br
- [● 5 SOURCES] The 80-day period for recipients to contest a return begins on the date the MED return was made. lagartocomoeuvejo.com.br · www.direitonews.com.br · portaldaautopeca.com.br · redacaomt.com.br
- [● 4 SOURCES] The change is provided for in Normative Instruction BCB 766. lagartocomoeuvejo.com.br · www.direitonews.com.br · portaldaautopeca.com.br · redacaomt.com.br
- [● 5 SOURCES] The new rule aims to protect merchants, service providers, and small businesses from fraud. lagartocomoeuvejo.com.br · www.direitonews.com.br · portaldaautopeca.com.br · redacaomt.com.br
- [● 5 SOURCES] The Central Bank established the new rule for Pix. lagartocomoeuvejo.com.br · www.direitonews.com.br · portaldaautopeca.com.br · redacaomt.com.br
- [● 5 SOURCES] The prohibition of commercial content in Pix receipts takes effect on March 1, 2027. www.dgabc.com.br · www.sosergipe.com.br · www.cnnbrasil.com.br · visaocidade.com.br · amanha.com.br
- [● 5 SOURCES] The Central Bank prohibited advertisements and commercial offers in Pix payment receipts. www.dgabc.com.br · www.sosergipe.com.br · www.cnnbrasil.com.br · visaocidade.com.br · amanha.com.br