Circular SINAP 1-158: Communication A 7462 National Payments System – Transfers – Complementary Rules. National Payments System – Immediate Debit. Adjustments — BCRA — AR

. "Las Malvinas son argentinas"
"Las Malvinas son argentinas"
.
COMMUNICATION “A” 7514 19/05/2022
TO FINANCIAL ENTITIES,
TO ELECTRONIC COMPENSATION EXCHANGES,
TO PAYMENT SERVICE PROVIDERS THAT OFFER PAYMENT ACCOUNTS, TO ELECTRONIC FUNDS TRANSFER NETWORKS, TO PAYMENT SERVICE PROVIDERS THAT PERFORM THE INITIATION FUNCTION, TO ADMINISTRATORS OF ELECTRONIC FUNDS TRANSFER SCHEMES:
Ref.: Circular
SINAP 1-158:
Communication “A” 7462. National Payments System – Transfers – Complementary Rules.
National Payments System – Immediate Debit.
Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the following resolution:

“1. Replace the second paragraph of point 1. of Communication “A” 7462 with the following:

“Accounts (checking or payment) that are debited for PCTs and the remaining payment instruments may be provided or issued by:
a) the same financial entity or payment service provider that offers payment accounts (PSPCP) that provides the digital wallet service; and/or b) other financial entities and/or PSPCPs.”

Establish that all administrators of immediate transfer schemes must implement mechanisms for:
a) Sending –from a checking or payment account– requests or orders for funds (immediate transfers “pull”) that allow, through the debit of the account –checking or payment– of the recipient client of the request and after they have authorized it, the immediate crediting of funds in the account of the requesting client. This authorization may be granted only once, at the time of account enrollment. In the case where the orderer of the request is a natural person, this type of authorization may only be carried out when the holder (or any of the co-holders) of the debited account coincides with the person sending the request. The one-time authorization may not be granted when the operation is used for the collection of any concept linked to loans. These authorizations must comply with the regulations on consent in points 1. and 2. of Communication “A” 7463.

-2- b) Use the fund requests regulated in section a) to make payments with transfer from accounts –checking or payment– that are not provided by the entity providing the digital wallet service from which those payments are ordered.

Establish that financial entities and PSPCPs must offer all necessary functionalities so that the immediate transfers regulated in point 2.a) can be carried out successfully.
Replace the title of point 6.3.2. of the rules on “National Payments System – Transfers – Complementary Rules” with the following:

“6.3.2. Other immediate transfers: fund transfers (transfers “push”) and fund requests (transfers “pull”).”

Provide that the immediate debit (DEBIN) operation must contemplate both checking accounts and payment accounts to allow ordering and/or receiving DEBIN.
Establish that the deadline for the provisions of points 2., 3., 4. and 5. above to be implemented and operational will be 30.9.22.”

Likewise, we inform you that we will subsequently send you the sheets that, in replacement of those previously provided, will need to be incorporated into the referenced rules.

We greet you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Matías A. Gutiérrez Girault Luis A. D’Orio
Manager of Payment Systems Principal Manager of Payment Systems and Current Accounts