Circular Externa SGDB No. 046/2017: Minimum Operational Security Requirements for Electronic Payment Instruments

The Central Bank of Bolivia establishes minimum operational security requirements for electronic fund transfer orders, electronic cards, and mobile wallets, replacing Circular Externa SGDB No. 005/2016. Financial entities, payment service companies, ACCI S.A., and EDV S.A. must implement robust authentication mechanisms, including at least two-factor authentication for logins and transaction authorizations, and ensure data integrity, confidentiality, and non-repudiation. Specific mandates include the use of SSL/TLS protocols, EMV chip standards for card transactions, dynamic data authentication for offline operations, and mandatory user information campaigns regarding security practices.

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BANCO CENTRAL DE BOLIVIA
ESTADO PLURINACIONAL DE BOLIVIA

CIRCULAR EXTERNA
La Paz, December 29, 2017
SGDB No. 046/2017

FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT

TO: FINANCIAL ENTITIES, PAYMENT SERVICE COMPANIES, ACCI S.A., EDV S.A.

SUBJECT: MINIMUM OPERATIONAL SECURITY REQUIREMENTS FOR ELECTRONIC PAYMENT INSTRUMENTS

Ladies and Gentlemen:

In the framework of its regulatory powers over the national payment system and in accordance with Article 27 of the Regulations on Payment Services, Electronic Payment Instruments, Compensation and Settlement, approved by Supreme Resolution No. 134/2015 of July 28, 2015, and its modifications approved by Supreme Resolution No. 071/2017 of May 23, 2017, the Central Bank of Bolivia transmits for application and compliance the update to the Minimum Operational Security Requirements for:

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Lineage: Superseded

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 2 times · last 2020-01-07

2020-01-07BCBCIEX No. 3/2020: Minimum Operational Security Requirements for Electronic Payment Instrumentssupersedes
2018-02-20BCBExternal Circular SGDB No. 011/2018: Modification of External Circular SGDB No. 046/2017amends

Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works