Adjustments in payment instruments to prevent fraud

Summary:

The Bank of the Argentine Republic (BCRA) has made changes to the DEBIN recurrent process, requiring users to explicitly authorize recurring transactions to prevent fraud. As of December 1, 2023, financial institutions and PSPCPs must display a legend to customers whose accounts will be debited, allowing them to confirm their acceptance of periodic debits. The BCRA also reminds users that they can cancel DEBIN recurrent subscriptions through the customer ordering or receiving entity. Additionally, the BCRA has improved the functioning of immediate transfer pull transactions between accounts held by the same account holder, promoting more efficient and secure procedures.

Please note that this summary is based on the provided document and may not cover all aspects of the original text.