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Banks to Implement PIX Scam Alert

PIX Scam Alert: Banks to Introduce New Security Measure


Postada em 30/09/2024 às 10:30
Por Instant Payment

In a proactive move to combat rising fraud, the Central Bank of Brazil (BC) has instructed banks to establish a PIX scam alert system. This measure, scheduled to take effect in 2025, aims to safeguard users from fraudulent transactions. The alert system will operate by sending notifications to account holders whenever a PIX transaction exceeds a predetermined threshold or involves suspicious activity. This timely intervention will empower users to promptly identify and report potential scams, minimizing financial losses. The BC's initiative underscores its commitment to ensuring the security and reliability of Brazil's digital payment ecosystem.