Circular SINAP 1-85: National Payments System. Immediate Debit. Recurring DEBIN

“2019 - YEAR OF EXPORTS”
COMMUNICATION “A” 6698 10/05/2019
TO FINANCIAL ENTITIES,
TO ELECTRONIC CLEARING HOUSES,
TO AUTOMATED TELLER MACHINE NETWORK OPERATING COMPANIES:
Ref.: Circular
SINAP 1 - 85
National Payments System. Immediate Debit. Recurring DEBIN.
____________________________________________________________ We address you to inform you that this Institution has adopted, in its pertinent part, the following resolution:

“1. Replace the regulations on “National Payments System - Immediate Debit” which are attached in the Annex forming part of this communication.
2. Establish that the provisions provided for in the preceding point will enter into force as of 30/6/2019.”

Finally, it is recalled that on this Institution’s website www.bcra.gob.ar, by accessing “Financial System – LEGAL AND REGULATORY FRAMEWORK – Orders and summaries – Ordered texts of general regulations”, the modifications made will be found with texts highlighted in special characters (strikethrough and bold).

We greet you sincerely.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Pablo García Arabehety Luis A. D’Orio
Manager of Payment Systems Principal Manager of Payment Systems and Current Accounts

ANNEX

-Index
Section 1. Introduction.
1.1. Definitions.
1.2. Objective.
Section 2. General characteristics.
2.1. Scope.
2.2. Participants.
2.3. Currency.
2.4. Availability hours and crediting deadlines.
2.5. Cost.
2.6. Reversal and chargebacks.
2.7. Notification.
2.8. Information to the client
Section 3. Processes and functions.
3.1. Functionality for adherence to the “recurring” DEBIN operation.
3.2. Functionality for the origination of DEBINs.
3.3. Functionality for the acceptance of DEBINs.
3.4. Limits
3.5. Administration module.
Section 4. Guarantees.
4.1. Guarantees.
4.2. Calculation of guarantees.
4.3. Availability of guarantees.
4.4. Balance settlement scheme.
Section 5. Responsibilities.
5.1. Of the processor/operator.
5.2. Of the administrator.
5.3. Of the originating entity.
5.4. Of the receiving entity.
Section 6. Surveillance.
Section 7. Security and risk policy.
Correlation table.

BCRA
ORDERED TEXT OF THE REGULATIONS ON
“NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT”
Version: 3rd COMMUNICATION “A” 6698
Validity:
11/5/2019

1.1. Definitions.
1.1.1. Immediate debit (DEBIN) is a transfer mechanism that debits the client's account, with their prior authorization. Such authorization may be carried out only once, at the time of adherence to the “recurring” DEBIN operation, or on each occasion upon receipt of an occasional DEBIN.
It is implemented through Internet banking, mobile banking, and in the other channels made available by the Central Bank of the Argentine Republic (BCRA).
The mechanism consists of:

• a debit request entered, through the channels specified, by the ordering client or the financial entity itself;
• the online authorization of the debit for the receiving client (unless they are already adhered to the operation), and
• the online debit in the receiving client's account and the online credit in the ordering client's account.
  There are two modalities of DEBIN:
• “Spot” or occasional: this is a DEBIN originated occasionally for a specific amount, which requires express authorization from the receiving client.
• “Recurring”: this is a DEBIN originated for recurring payments and/or frequent relationships, which does not require specific authorization from the receiving client, by virtue of being adhered to the operation.

1.1.2. Administrator: processes debits and credits of the operation, settling net balances at the BCRA.
1.1.3. Processor: links the originating and receiving entities of DEBINs with the administrator. Financial entities may act as processors directly.
1.1.4. Originating entity: the entity where the accounts to be credited by the issued DEBINs are located. It issues DEBINs on its own behalf or on behalf and order of the ordering client, and where applicable, credits the funds in the corresponding accounts.
1.1.5. Receiving entity: the entity where the receiving client's account is located. It receives debit requests and provides its clients with mechanisms to accept or reject them. It also allows, in a non-exclusive manner, adherence to the “recurring” DEBIN operation.
1.1.6. Operator: links clients with the originating and receiving entities of DEBINs.
1.1.7. Ordering client: account holder who orders the originating entity to issue the DEBIN.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 1. Introduction.
Version: 3rd COMMUNICATION “A” 6698
Validity:
11/5/2019

1.1.8. Receiving client: account holder who receives the DEBIN and is debited if they are adhered to the operation or expressly authorizes it.
1.2. Objective.
The DEBIN operation aims to provide clients with secure and accessible mechanisms that facilitate – through various channels – the execution of a wide range of operations involving online debits and credits; contributing to a more efficient payment system in accordance with international best practices in the matter. This mechanism allows clients to generate collection requests destined for other clients, producing an immediate payment based on authorization in each operation of the receiving client or by being adhered to the operation.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 1. Introduction.
Version: 3rd COMMUNICATION “A” 6698
Validity:
11/5/2019

2.1. Scope.
DEBINs may be ordered by natural and legal persons, holders of accounts in financial entities that, according to these regulations, are authorized to issue debit orders to account, or on their own behalf by the financial entities.
2.2. Participants.

• Clients: natural or legal persons who, having some account in entities of the financial system, order or receive DEBINs.
• Operators: financial entities or third parties designated by the originating or receiving entities of DEBINs to link with clients.
• Originating entities: financial entities acting on behalf and order of third parties or on their own behalf.
• Receiving entities: financial entities.
• Processors: financial entities or third parties they designate to communicate with the administrator.
• Administrator: Low Value Electronic Clearing House.
• The High Value Electronic Clearing House may participate as an operator and/or processor of DEBINs.
  2.3. Currency.
  The operation will be available for debits in pesos and US dollars, between accounts of the same currency.
  2.4. Availability hours and crediting deadlines.
  The DEBIN operation will be enabled every day, 24 hours a day.
  2.5. Cost.
  Debits in accounts, produced by the DEBIN operation, will be free.
  Crediting in accounts derived from the DEBIN operation cannot be subject to charges and/or commissions by the receiving entities. Only the originating entity may apply charges and/or commissions on these operations for the service provided; which must be informed to the ordering client, prior to the confirmation of the operation, when dealing with users of financial services.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 2. General characteristics.
Version: 3rd COMMUNICATION “A” 6698
Validity:
11/5/2019

For operations involving recurring DEBINs, receiving financial entities may charge originating financial entities an interchange rate of up to 0.3% per operation, with a cap of $ 4.50 (four pesos with fifty cents).
2.6. Reversal and chargebacks.
The receiving client will have a period of 30 days to dispute a debit for operations involving recurring DEBINs.
After the dispute is made, the debited amount will be automatically returned within 72 business hours of the claim being made to the receiving entity or through the ordering client. In turn, the latter will automatically effect a chargeback against the originating entity of the DEBIN. This situation must be explicit in the conditions subscribed by the ordering and receiving clients.
2.7. Notification.
Financial entities must make available to their clients, through specific notifications and immediately, the information of the DEBINs received (both in cases involving “recurring” DEBINs and those using the “spot” modality). That notification may be by email and, optionally, by text message and any other application that generates notifications on the receiving client's cell phone.
2.8. Information to the client.
The minimum data that entities must inform the receiving client, for each operation, through the different enabled channels, will be:

• The description “DEBIN”, followed by the name of the account holder to be credited. In the case of holders who do not have the status of Users of Financial Services, the trade name will be recorded instead of the account holder's name.
• Concept or a reference that uniquely identifies the operation for its use as a payment receipt.
• Amount.
• Date.
  Likewise, the notification for the authorization of pending debits must be located in the main menu of each channel, to improve the user experience.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Validity:
11/5/2019

3.1. Functionality for adherence to the “recurring” DEBIN operation.
Financial entities may resolve the development of this requirement directly or through third parties (operators), in a non-exclusive manner.
3.1.1. The receiving client may adhere to the operation either through the ordering client, or through the receiving entity, indistinctly.
The following data will be requested as a minimum:

• Name and surname, or corporate name of the receiving client.
• Complete Uniform Banking Key (CBU) or CBU Alias of the receiving client.
  3.1.2. Only those clients who do not have the status of users of financial services may issue “recurring” DEBINs.
  3.1.3. “Recurring” DEBINs will not require authorization from the receiving client and their adherence must have immediate effect, being enabled – from that same moment – the debit of their account upon receipt of a DEBIN.
  3.1.4. The cancellation of adherence may be carried out by the receiving client through the ordering client, or through the receiving entity, indistinctly.
  3.1.5. Receiving and originating entities will interact with the administration module to perform the pertinent validations and register in the reservoir the adherences of the CBU and/or aliases that the client integrated into the “recurring” DEBIN operation, as well as their cancellations.
  3.2. Functionality for the origination of DEBINs.
  Financial entities may resolve the development of this requirement directly or through third parties (operators), in a non-exclusive manner. This functionality:
  3.2.1. Will allow the ordering client to originate a DEBIN request every day, 24 hours a day, which, to be effective, must be authorized by the receiving client, unless they are adhered to the operation. For this purpose, the functionality must allow entering the following data, considering the provisions referred to the entry of “aliases”, included in the subsection “Security”:
• Alias or CBU of the ordering client.
• Alias or CBU of the receiving client.
• Concept: the reference by which the client uniquely identifies the DEBIN to be issued can be selected using one of the following concepts:
  Rent: ALQ
  Installments: CUO
  NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
  Section 3. Processes and functions.
  Version: 3rd COMMUNICATION “A” 6698
  Validity:
  11/5/2019

Expenses: EXP
Invoices: FAC
Loans: PRE
Insurance: SEG
Fees: HON
Salaries: HAB
Miscellaneous: VAR

• Description up to 100 characters.
• Amount to transfer.
• Validity of a DEBIN: will allow the ordering client to define its maximum validity in a value in minutes between 10 and 4,320 (equivalent to 3 days).
  The expiration time will be controlled until acceptance or rejection; once the deadline has expired, the DEBIN in question will become void.
  In the case where the receiving entity has indicated the acceptance and debit of the DEBIN by sending the message to the administrator indicating such activity before the expiration date/time of the same, the DEBIN will continue its execution regardless of when its expiration occurs from that moment onward.
  3.2.2. Will generate the DEBIN order registering the following minimum data:
• Date/time of the operation.
• Entity to debit.
• Branch to debit.
• Alias of the receiving client
• CBU of the receiving client's account.
• Name of the receiving client.
• CUIT/CUIL/CDI/DNI of the receiving client.
• Amount.
• Concept – according to typification of point 3.2.1.–.
• Description – according to specification of point 3.2.1.–.
• Beneficiary entity – receiver of the credit–.
• Beneficiary branch – receiver of the credit–.
• Alias of the ordering client.
• CBU of the ordering client's account.
• Name of the ordering client.
• CUIT/CUIL/CDI/DNI of the ordering client.
  3.2.3. Once the operation is completed, the functionalities of the involved entities will confirm to the participating clients that the DEBIN was registered, through screen information and confirmation via messaging. All transactions involved will be replicated to the administration module for inclusion in the reservoir or for the registration of the activity.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 3. Processes and functions.

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3.3. Functionality for the acceptance of DEBINs.
Financial entities may resolve the development of this requirement directly or through third parties (operators), in a non-exclusive manner. This functionality:
3.3.1. Will allow the receiving client to authorize, every day, 24 hours a day, the DEBIN request issued by the ordering client.
For this purpose, the application must present on screen the DEBIN request registered for the account, including the following minimum data:

• Date/time of the operation.
• Entity to debit.
• Branch to debit.
• Alias of the receiving client.
• CBU of the receiving client's account.
• Name of the receiving client.
• CUIT/CUIL/CDI/DNI of the receiving client.
• Amount.
• Concept – according to typification of point 3.2.1.–.
• Description – according to specification of point 3.2.1.–.
• Beneficiary entity – receiver of the credit–.
• Beneficiary branch – receiver of the credit–.
• Alias of the ordering client.
• CBU of the ordering client's account.
• Name of the ordering client.
• CUIT/CUIL/CDI/DNI of the ordering client.
  3.3.2. The receiving client will confirm, reject, or dismiss the operation. If the DEBIN request was authorized, the balance will be verified and, if feasible, the debit will be effected. It will interact with the administration module to perform the verification and administration of the coverage scheme and, if applicable, confirm the generation of the DEBIN; emitting information to the receiving entity and the originating entity for the completion of the online credit in the ordering client's account.
  If the operation is not confirmed or rejected within the period indicated in point 3.2.1 subsection “Validity of a DEBIN”, it will become void.
  3.4. Limits
  3.4.1. The receiving entity cannot establish amount limits, in any of the DEBIN modalities.
  3.4.2. The originating entity may define for each ordering client, a maximum amount of DEBINs to generate for a specific period.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 3. Processes and functions.

3.4.3. There will be a single limit of DEBINs defined by each financial entity for the DEBIN originating client. This limit will be affected with each generation of recurring and/or “spot” DEBIN.
Version: 3rd COMMUNICATION “A” 6698
Validity:
11/5/2019

3.5. Administration module.
The administration module, whose development and management will be the responsibility of the administrator, will have the function of processing debits and credits. The designed layout will be aligned with the international premises imparted in the modernization of the payment structure promoted by the BCRA, including aspects of integration and interoperability. The module must execute the following actions:
3.5.1. Administration Module Functionality.
The product will consist of the following modules:

• DEBIN,
• Guarantees,
• Adherences, and
• Financial entities.
  3.5.1.1. DEBIN:
  It will contain the main functionality of the product, managing all operations related to its operation, namely:
• New DEBIN: the originating entity must send this message at the moment a new DEBIN operation is generated.
• The Administrator will validate if it corresponds to a “recurring” DEBIN or a “spot” DEBIN, and will identify it in the messaging so that the receiving entity processes it immediately or leaves it pending approval for the receiving client.
• Debit confirmation: the receiving entity will send the debit confirmation once the receiving client accepts the operation – as the case may be – and that the debit has been made for the amount reported in the operation in their account. The administrator will perform the guarantee control for the DEBIN product and inform the entity if it continues with the DEBIN operation, or if it must reverse the debit, due to insufficient guarantees or other problems.
• Delete a DEBIN: the originating entity may delete it as long as the DEBIN has not yet been debited from the receiving client's account.
• DEBIN Inquiry: the receiving client and the ordering client, through their respective financial entities, may request information on a DEBIN and its status.
• List DEBIN: both the ordering client and the receiving client may request a list of DEBINs through their entity. The data of the ordering and receiving client will be required exclusively. This list will show exclusively the operations originated and received by the client.
• Set the entity status online/offline.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 3. Processes and functions.
Version: 3rd COMMUNICATION “A” 6698
Validity:
11/5/2019

3.5.1.2. Guarantees:
It must allow performing the following operations:

• Settlements: the entity may consult the status of the last closed settlement. The administrator will return the amount of each of the currencies that operate in the product, indicating in each case if they have already been paid or are pending payment.
• Movements: the entity may consult the totals of debit and credit movements by currency.
  3.5.1.3. Adherences:
  It must allow performing the following operations:
• Registration of the receiving client: both the originating financial entity and the receiving entity may request the adherence of the same by calling the DEBIN interface, indicating the necessary data to perform the operation.
• Cancellation of the receiving client: both the originating entity and the receiving entity may request the cancellation of the adherence to the operation.
• Update online the adherences and cancellations of “recurring” DEBIN.
• The adherence will have immediate effect, being enabled – from that same moment – the debit of their account upon receipt of a DEBIN.
  3.5.1.4. Financial Entities:
  Each of the financial entities through their enabled channels must have a service that allows them to receive notifications from the administrator through invocations made to said services. It must allow performing the following operations:
• Notice of a new DEBIN: the administrator will notify the receiving entity of DEBIN. The entity must respond to this notice so that the administrator confirms the receipt by the entity.
• Notice of completion of a DEBIN: this notice will indicate that a DEBIN has ended correctly, executing the corresponding debit and credit operations.
• Credit: the administrator will request the originating entity to perform the credit in the ordering client's account previously informed. This message must be responded to synchronously, indicating whether the credit could be performed or not.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 3. Processes and functions.
Version: 3rd COMMUNICATION “A” 6698
Validity:
11/5/2019

• Debit: the administrator will request the receiving entity to perform the debit in the receiving client's account. This message must be responded to synchronously, indicating whether the debit could be performed or not.
  3.5.2. Coverage scheme.
  The operation will have a specific coverage scheme to ensure the viability of debits and credits.
  The administration module will verify and administer the coverage through the online compensation of debits and credits, backed by the guarantees constituted by each entity for the operation, according to Section 4. Guarantees. It will also settle the net compensation balances in the LBTR system “Electronic Payment Medium” (MEP). The administrator will establish an operational cut-off time and DEBIN orders made after said time will be considered in the compensation of the next business day.
  3.5.3. Backup.
  The reservoir will contain the adhered CBUs and aliases. On the other hand, it will safeguard the DEBIN orders entered and the debit and credit transactions of the registered DEBINs. Likewise, it will maintain the record of the activity preserving the other transactions entered in the operation. It will allow the exploitation of data for the purposes of evolutionary analysis inherent to the exercise of BCRA surveillance. In addition, it will provide the information that may be necessary for financial entities and other bodies to carry out controls related to money laundering, terrorist financing, and other illicit activities, and/or carry out other verifications, as appropriate.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 3. Processes and functions.
Version: 3rd COMMUNICATION “A” 6698
Validity:
11/5/2019

4.1. Guarantees.
The coverage of net debtor balances arising from the clearing of DEBINs must be guaranteed, avoiding risks that could potentially affect the entire system.
The scheme for establishing guarantees provided for the cancellation of DEBIN operation balances, through the administrator, must comply with the following provisions. The administrator will accept DEBIN operations up to the amount covered by the guarantee constituted at the BCRA, by mutual agreement between the parties, plus the credits made by the entities in the administrator's account. The insufficiency of the guarantee will limit the activity of the entity receiving the DEBIN, without giving rise to consequences for third parties.

4.2. Calculation of Guarantees.
Financial entities must constitute guarantees for each class of currency settled to provide the DEBIN operation service.
The amount of these guarantees will be established by mutual agreement between the entities and the administrator, taking into account that it must be sufficient to constantly cover the respective net debtor balances arising from received and ordered transactions. In this regard, the administrator will be responsible for monitoring the entities' classification within the guarantee scheme, generating alerts in compliance with the escalation policy, and managing the expected actions in the event of incidents. Under no circumstances can operations be processed that are not covered by the guarantee. Likewise, entities must inform their clients, in the event that the DEBIN cannot be completed due to insufficient guarantees, about the responsibility that pertains to the entity in this matter. In the event that the debtor balance reaches the guaranteed amount, entities must transfer, through the MEP, to the administrator's account opened at the BCRA, the funds that increase the aforementioned amount to allow the processing of the mentioned DEBINs.

4.3. Availability of Guarantees.
The administrator must request from the BCRA – Current Accounts Management – for each adhering entity, the opening of special guarantee accounts in the different classes of currencies in which compensations authorized by the BCRA are carried out, whose operation will comply with the guidelines indicated below, in order to keep the constituted guarantees available for immediate application:

• Ownership:
  To cover the compensation of DEBINs: The accounts will be designated "administrator's abbreviated name/adhering entity name/DEBIN".

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT
B.C.R.A.
Section 4. Guarantees.
Validity:
11/5/2019

• Availability of balances: Checkbooks will not be enabled.
  They will be available via transfer to the entity's or administrator's current account. Account debits will be ordered solely and exclusively by the administrator, through the OWA-user Guarantees mailbox for entities.
• Origin of credits: The crediting of funds in the special guarantee accounts will have no type of limitation or conditioning.
• Destination of debits: Only debits whose destination is the administrator's operational current account, by application of the guarantee, or the adhering entity's current account, by reimbursement of excess constituted guarantee, will be processed.

4.4. Settlement Scheme for Balances.
The settlement procedure provided for the cancellation of balances of operations between entities providing the DEBIN service must comply with the following:

4.4.1. On business days, the administrator must generate the net debtor and creditor balances of all operations involved and inform these same balances to its adhering entities.

4.4.2. All entities must pay the debtor balances within the established hours, via transfers processed through the MEP to the account determined by the administrator for the payment of these operations, using payment instructions including the phrase "DBIN", to be paid.

4.4.3. If, within the time frame defined between the administrator and the entity, any debtor entity has not deposited the total sum in the determined account, the administrator will proceed to liquidate the guarantee.

4.4.4. Once all debtor balances are covered, the administrator will proceed to transfer the funds to the entities presenting a creditor balance, debiting its account and crediting each entity's account at the BCRA. At the same time, it will return to the entities the sums deposited in excess.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT
B.C.R.A.
Section 4. Guarantees.
Validity:
11/5/2019

5.1. Of the processor/operator.

5.1.1. Assume responsibility for the correct processing of electronic information transmitted to the actors/processes involved in the operation.

5.1.2. Manage communications between its computer center, other processors/operators, the administration module, and participating entities.

5.1.3. Keep functionalities available and operational during the daily operational cycle in the established schedule.

5.1.4. Interact with the administration module, other processors/operators, and participating entities, guaranteeing the update and flow of information for the purposes of carrying out the DEBIN operation.

5.1.5. Implement and maintain the necessary mechanisms and processes to guarantee the security of the operation.

5.2. Of the administrator.

5.2.1. Assume responsibility for the correct processing of electronic information transmitted to the other actors/processes involved in the operation.

5.2.2. Implement applications that allow the validation and registration of the CBU codes integrated by the client into the DEBIN operation, the validation and verification of DEBIN orders, the clearing of approved DEBIN transactions, and the administration of the coverage scheme, registering DEBINs in the reservoir.

5.2.3. Keep functionalities available and operational during the daily operational cycle in the established schedule.

5.2.4. Interact with the processor(s) and financial entities, guaranteeing the update and information flow for the purposes of carrying out the DEBIN operation.

5.2.5. Register the replicated information including the different instances of operations (adhered CBU codes, DEBIN orders, their status – fulfilled or rejected – and, if applicable, the registered DEBINs), and administer the DEBIN reservoir, generating query modules that allow control of the evolution of the operation.

5.2.6. Implement and maintain the necessary mechanisms and processes to guarantee the security of the operation.

5.2.7. Manage communications between its computer center, the processor(s), and financial entities.

5.2.8. The administrator must maintain an updated record of DEBIN adherences and withdrawals, of a permanent nature, in order to contribute to the efficiency of the system.

5.2.9. Perform systemic controls and "scoring" of transactions.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 5. Responsibilities.
Version: 3rd COMMUNICATION "A" 6698
Validity:
11/5/2019

5.3. Of the originating entity:

5.3.1. Assume responsibility for the correct processing of electronic information transmitted to the actors/processes involved in the operation.

5.3.2. Manage communications between its computer center, the administration module, and operators.

5.3.3. Keep functionalities available and operational during the daily operational cycle in the established schedule.

5.3.4. Interact with the administration module, processors, operators, and receiving entities, guaranteeing the update and flow of information for the purposes of carrying out the DEBIN operation.

5.3.5. Implement and maintain the necessary mechanisms and processes to guarantee the security of the operation.

5.3.6. Assume responsibility for all debit orders generated by its ordering clients, within the framework of the "know your customer" policy and as a consequence of having previously authorized them for the DEBIN operation, as provided in point 3.1.

5.3.7. Incorporate an identifier that allows distinguishing DEBINs that aim to constitute a fixed-term deposit with debit in a checking account opened at another financial entity, in accordance with the regulations on "Fixed-term Deposits and Investments".

5.3.8. Define – within the framework of its policy – the methodology for accepting/rejecting companies that request recurring DEBINs.

5.3.9. Manage the information of recurring payments adhered to through the ordering client.

5.4. Of the receiving entity:

5.4.1. Assume responsibility for the correct processing of electronic information transmitted to the actors/processes involved in the operation.

5.4.2. Manage communications between its computer center, the administration module, and operators.

5.4.3. Keep functionalities available and operational during the daily operational cycle in the established schedule.

5.4.4. Interact with the administration module, processors, operators, and originating entities, guaranteeing the update and flow of information for the purposes of carrying out the DEBIN operation.

5.4.5. Implement and maintain the necessary mechanisms and processes to guarantee the security of the operation.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 5. Responsibilities.
Version: 3rd COMMUNICATION "A" 6698
Validity:
11/5/2019

5.4.6. Request adherence to the operation from the client (in the case of "recurring" DEBIN) or their authorization (in the case of "spot" DEBIN).

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 5. Responsibilities.
Version: 1st COMMUNICATION "A" 6698
Validity:
11/5/2019

The DEBINs subject to this regulation must be individualized by the origin modality of the operation and comply with the surveillance mechanisms to be defined opportunistically.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 6. Surveillance.
Validity:
11/5/2019

7.1. Functionalities must have an appropriate level of security so that the client is not exposed to the improper use of their account, the genuineness of operations is guaranteed, and the pertinent record of transactions is generated.
Likewise, both the operation defined in this regulation and the following system participants: originating entities, receiving entities, processors, DEBIN operators, and the administrator of the DEBIN operation, must comply with the requirements established in Section 6 of the regulations on "Minimum requirements for management, implementation, and control of risks related to information technology, information systems, and associated resources for financial entities". Applications in which the client is required to enter the "alias" of a CBU must present the client with a confirmation screen, which will have, at a minimum, the following data: account type, CBU, alias, holder's name, account number, bank, and CUIT/CUIL/CDI/DNI. The user can cancel the operation, which can only be confirmed when they effectively select the corresponding option. Additionally, the mechanisms established in this regulation must comply with the technical security provisions established by this Institution.

7.2. At the request of participating financial entities, the administrator may develop systems that monitor the reversal levels of different ordering clients, as well as any other indicator considered relevant, which allows, in those cases where they exceed the prudential reversal levels considered, to notify the financial entity so that it determines the course of action to follow, in such a way as to preserve the confidence and efficiency of the operation.
Likewise, the administrator may develop systems that allow the identification of suspicious transactions in real time, information that will be immediately made available to the receiving entity, which must arrange the necessary means of communication with its client to avoid fraud.

NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT B.C.R.A.
Section 7. Security and risk policy.
Validity:
11/5/2019

B.C.R.A.
ORIGIN OF THE PROVISIONS CONTAINED IN THE REGULATIONS ON "NATIONAL PAYMENTS SYSTEM – IMMEDIATE DEBIT" ORDERED TEXT ORIGIN NORM OBSERVATIONS Sec. Point Para. Com. Annex Chap. Sec. Point Para.
1.1. "A" 6099 S/Com. "A" 6285, 6423 and 6698.
1.
1.2. "A" 6099 S/Com. "A" 6285, 6423 and 6698.
2.1. "A" 6099 S/Com. "A" 6285, 6423 and 6698.
2.2. "A" 6099 S/Com. "A" 6234, 6285 and 6698.
2.3. "A" 6099
2.4. "A" 6099
2.5 "A" 6234 S/Com. "A" 6285, 6420 and 6698.
2.6. "A" 6423 S/Com. "A" 6698.
2.
2.7. "A" 6423 S/Com. "A" 6698.
2.8. "A" 6698
3.1. "A" 6099 S/Com. "A" 6234, 6285, 6423 and
6698.
3.2. "A" 6099 S/Com. "A" 6285 and 6698.
3.3. "A" 6099 S/Com. "A" 6285, 6423 and 6698.
3.4. "A" 6698
3.
3.5. "A" 6099 S/Com. "A" 6285, 6423 and 6698.
4.1. "A" 6285 S/Com. "A" 6698.
4.2. "A" 6285
4.3. "A" 6285
4.
4.4. "A" 6285
5.1. "A" 6099 S/Com. "A" 6285.
5.2. "A" 6099 S/Com. "A" 6285, 6423 and 6698.
5.3. "A" 6099 S/Com. "A" 6285, 6423 and 6698.
5.
5.4. "A" 6099 S/Com. "A" 6285 and 6698.
6. "A" 6099
7.1. "A" 6099 S/Com. "A" 6285 and 6698.
7.
7.2. "A" 6698