Circular SINAP 1-227: National Payments System - Payment Services and Immediate Debit Adjustments

"Año de la Reconstrucción de la Nación Argentina" "Año de la Reconstrucción de la Nación Argentina"

COMUNICACIÓN “A” 8180 16/01/2025

TO FINANCIAL ENTITIES,
TO ELECTRONIC COMPENSATION EXCHANGES,
TO PAYMENT SERVICE PROVIDERS OFFERING PAYMENT ACCOUNTS, TO ELECTRONIC FUNDS TRANSFER NETWORKS, TO PAYMENT SERVICE PROVIDERS FULFILLING THE INITIATION FUNCTION, TO ADMINISTRATORS OF ELECTRONIC FUNDS TRANSFER PAYMENT SCHEMES, TO CARD PAYMENT ACQUIRERS, TO PAYMENT INSTRUMENT AGGREGATORS:

Ref.: Circular
SINAP 1-227:
National Payments System - Payment Services.
National Payments System - Immediate Debit.
Adjustments.

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We address ourselves to you to inform you that this Institution adopted the resolution that, in its pertinent part, establishes:

“1. It is ordered that the measures contained in points 4.4., 5.5.4., 5.6. and 7.3. of the consolidated text on National Payments System – Payment Services apply to payments made with debit cards, both in pesos and in United States dollars.

2. Regulate the use of recurring immediate debit (DEBIN) to pay for the acquisition of goods or services in installments, in a variant known as “Scheduled DEBIN”, to which the rules established for that modality in the consolidated text on National Payments System – Immediate Debit apply, except as follows:

a. The number of installments and their amount are fixed and established in advance. b. Each payment plan must be subject to individual adherence.
c. The receiving customer can only request adherence through the ordering customer.
d. Prior to processing the first installment, the financial entity or payment service provider offering payment accounts that receives the debit request must have the express authorization of the receiving customer confirming the details of the operation with the display of the following legend in a prominent manner – in terms of visibility and size: “By accepting this adherence request, [$/U$S] XXXX WILL BE EXTRACTED FROM YOUR ACCOUNT monthly in XX installments/payments, which will be remitted to XXXXXXX [name of the ordering customer]. Keep in mind that you NEVER need to give authorization to RECEIVE electronic payments”. This authorization gives this adherence immediate effect, with the debit of your account authorized from that same moment upon receipt of a DEBIN ordered by that ordering customer.

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e. Once the last installment is paid, no cancellation request for the adherence is required by the receiving customer. f. Both the receiving customer and the ordering customer may request the cancellation of the plan at any time. g. Provisions related to reversals and chargebacks only apply to the first installment. h. Account summaries, transaction details, and other statements that financial entities and PSPCPs deliver, display, or make available to their customers must identify these debits with the following information: Scheduled DEBIN – name of the ordering customer – amount – installment X/of XX.
i. Exclusions: in addition to the restriction established in the last paragraph of point 1.1.2. of the consolidated text on National Payments System – Immediate Debit, Scheduled DEBIN cannot be used by ordering customers whose activity or commercial sector is lotteries, casinos, or other games of chance.

3. Order that payments with debit cards in United States dollars must be available for merchants who wish to accept that payment modality.

4. Establish that point 1. of this communication enters into force on 01/04/25, and the remaining points on 28/02/25.”

We greet you attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA

Luis A. D’Orio
Principal Manager of Payment Systems and Current Accounts

Alejandra I. Sanguinetti
Deputy General Manager of Payment Means