The Central Bank of Brazil recently revealed new guidelines for the PIX instant payment system, with the aim of increasing user security and minimizing the risk of fraud. The changes mainly include the introduction of limits for transactions carried out using devices that have not been previously registered.
Since its introduction, PIX has transformed the way financial transactions are carried out in Brazil, enabling fast transfers between accounts. However, the need to ensure a safe environment led the Central Bank to implement these new rules.
How will Device Registration Work?
To ensure greater security, the Central Bank established that only registered devices will be able to carry out transactions of higher values. This registration can be done through the bank's application or directly at branches, allowing banks to have better control over the devices used in transactions.
What does it mean to register a device?
When you register a device (cell phone, computer, tablet, etc.), you are informing your bank that that device will be used to carry out transactions via Pix. This action serves as a form of additional authentication, making it difficult for unauthorized people to make payments using your data.
Why is it necessary to register the device?
- Security: Prevent scammers from using your bank details to carry out transactions on devices you don't recognize.
- Fraud prevention: Reduces the risk of scams such as phishing and cell phone cloning.
- Protection of your money: It guarantees that only you can carry out transactions over R$200 on your registered devices.
This measure aims to prevent unauthorized devices from accessing bank accounts to transfer considerable amounts, thus protecting users from possible unauthorized access.
How to register the device?
The registration process may vary from one bank to another, but in general, you will need to:
- Access your bank's application: Open the bank application where you have an account.
- Search for the device registration option: Look for the Pix security or settings section.
- Follow the instructions: The application will guide you step by step through the registration process. Typically, you will need to confirm your identity and authorize the new device.
What Other Precautions Will Be Taken?
In addition to control over devices, there will be a 24-hour waiting period to approve changes to transaction limits. This additional period allows institutions to carry out a detailed analysis before accepting adjustments, aiming to identify signs of potentially fraudulent activities.
- Real-time alerts for unusual activity will be sent to account holders.
- Continuous monitoring of transaction patterns to detect unusual activity.
These precautions are designed to create a safer environment for PIX users, while keeping them informed of any suspicious activity.
When Will the New Rules for PIX Come into Effect?
The new Pix rules already came into force on the day November 1, 2024. These changes were implemented by the Central Bank with the aim of increasing transaction security and preventing fraud.
The main changes apply to customers who had not yet registered their cell phones or computers to make payments via Pix. From that date onwards, these devices began to require a more rigorous registration process, aiming to guarantee the authenticity of the user.
Why these changes?
With Pix's exponential growth, the need to improve security has become increasingly evident. The new rules aim to protect users from scams and ensure that transactions are carried out safely and reliably.
What Benefits Are Expected from These Changes?
With these changes, the Central Bank seeks to provide PIX users with a safer experience when carrying out financial transactions. The expectation is that fraud will be significantly reduced, making the system more reliable and secure.
These measures reflect a continuous effort to protect consumers and ensure that the Brazilian financial system remains robust and reliable in the face of emerging digital threats.
