The Central Bank has modified some rules for electronic clearing houses, focused on improving the control of payment information, adjusting procedures in extraordinary situations and assigning aliases to bank and virtual accounts.
He Central Bank (BCRA) informed the Electronic Clearing Houseson a series of changes to the rules governing the National Payment System. Essentially, it is a regulatory update that seeks to improve the security, transparency and efficiency of electronic payments in the country.
Through Communication A” 8103/2024, the body reported on the modification of some key points in the rules governing these cameras and payment services. The highlighted changes are:
Information control: It is established that electronic clearing houses must offer a CUIT/CUIL/CDI and CBU/CVU/alias control service. This service ensures that payments are made to the correct recipient, and a policy must be defined that regulates who can access this information. The clearing houses must submit an annual report on the users who have access to this service, as well as the additions and deletions of the year.
Extraordinary circumstances: The Low Value Electronic Clearing House (CEC-BV) is empowered to exclude certain dates or transactions from the calculation of clearing products when extraordinary events affect the process, in addition to adjusting the guarantees if necessary. A report is required to be submitted to the Central Bank each year detailing the exclusions applied and the criteria for granting such exclusions.
Alias Assignment: CEC-BV can automatically assign an alias for bank accounts (CBU) or virtual accounts (CVU) that do not have one. These aliases can be modified by users, and the algorithm used will combine Spanish words and numbers.
What is the purpose of these changes?
According to the official text, the main objectives outline a greater security: By improving identity controls and allowing for payment exclusions in exceptional situations, the risk of fraud and system errors is reduced.
It also highlights greater transparency, since Chambers will be required to report in detail on the use of certain services and the decisions they make, which increases the transparency of the system. greater efficiency: Automatic alias assignment streamlines payments and makes account reconciliation easier.
In summary, the official standard of the BCRA executes a series of regulatory adjustments that seek to modernize the electronic payment system, “making it more secure, transparent and efficient.” According to him, these changes are important for both financial institutions and end users, as they contribute to strengthening confidence in the financial system and facilitating electronic transactions.
Source: Ambito
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