Resolution BCB No. 118 — Amends Resolution BCB No. 1 of August 12, 2020, which institutes the Pix payment arrangement and approves its Regulations

RESOLUTION BCB NO. 118, OF JULY 22, 2021

Amends
Resolution BCB No. 1, of August 12, 2020, which institutes the Pix payment arrangement and approves its Regulations, and the Regulation annexed to Resolution BCB No. 1, of 2020, which disciplines the functioning of the Pix payment arrangement.

The Collegiate Board of the Central Bank of Brazil, in a session held on July 21, 2021, based on art. 10, item IV, of Law No. 4.595, of December 31, 1964, in art. 10 of Law No. 10.214, of March 27, 2001, in arts. 6, 7, 9, 10, 14 and 15 of Law No. 12.865, of October 9, 2013, and having in view the disposed in Resolution No. 4.282, of November 4, 2013, in Communication No. 32.927, of December 21, 2018, and in Communication No. 34.085, of August 28 2019,

R E S O L V E
:

Art. 1
The
Resolution BCB No. 1, of August 12, 2020, shall enter into force with the following alterations:

“Art. 3
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§ 3
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II - from the Secretariat of the National Treasury, in the condition of a government entity;

III - from payment institutions initiating a payment transaction, in accordance with Resolution BCB No. 80, of March 25 2021;

IV - from other institutions authorized to function by the Central Bank of Brazil that can provide the service of initiation of payment transaction.

................................................................................................................” (NR)

Art. 2
The Regulation annexed to Resolution BCB No. 1, of 2020, shall enter into force with the following alterations:

“Art.
3
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XXIII

• Pix API: application programming interface standardized by the Central Bank of Brazil to enable the
  end user to automate interaction with the Pix participant that provides them with a payment service;

XXIV

• payment transaction initiation service: service that enables the initiation of a payment transaction instruction, ordered by the
  end user, regarding a deposit or prepaid payment account, commanded by an institution that does not hold the account to the institution that holds it.” (NR)

“Art.
6
............................................................................................................

Sole
Paragraph. ............................................................................................

I - the initiation of a Pix in the manner provided for in items I, II and III of art. 12 to payer users;

................................................................................................................” (NR)

“Art.
7 ............................................................................................................

§
1 In the situation referred to in the main text, the participant may choose, among the initiation procedures provided for in items I, II and III of art. 12, which or which ones it will offer to payer users.

§
2 If expressly agreed with the corporate end user, Pix participants may make available the initiation of a Pix exclusively through a digital channel different from the main digital channel, in terms of the number of transactions, destined to this type of end user for payments and receipts.” (NR)

“Art.
9 The request for a Scheduled Pix must be held:

I

• when made by the payer user at the account provider participant,
  within the internal systems of this participant, not affecting the balances in the payer user's transaction account until the moment of effective initiation of the Pix, when it then follows the normal flow of a Pix, as provided for in Chapters VIII, IX and X of this Regulation;

II

• when made by the payer user at a participant that provides the service of
  initiation of payment transaction, within the internal systems of this participant until the date scheduled by the payer user, when it must be sent to the account provider participant, in accordance with art. 15-C, §§ 1 and 2.

...............................................................................................................” (NR)

“Art.
11-E. The reading of a QR Code associated with a Pix Collection and the initiation of a Pix with the information from the Pix Collection is optional for the initiating participant.” (NR)

“Art.
12.
.........................................................................................................

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II - dynamic
QR Code;

III - static
QR Code; and

IV

• payment transaction initiation service, in cases where the
  participant has all the information of the receiving user.” (NR)

“Art.
14. In the initiation of a Pix through the
mechanisms referred to in items I, II and III of art. 12, the identification of the transaction account of the receiving user must be done through a query to the DICT, when it is a transaction between transaction accounts of end users in different participants.

................................................................................................................” (NR)

“Art.
15. ..........................................................................................................

Sole
Paragraph. The rules and the operational systems for the use of QR Codes for initiation of a Pix apply exclusively to the initiating participant.” (NR)

“Section
IV

Of the initiation of a Pix through a payment transaction initiation service” (NR)

“Art.
15-C. Participants that provide the service of initiation of payment transaction may avail themselves of the procedures for the initiation of a Pix provided for in art. 5.

§ 1 In transactions initiated through a service of initiation of payment transaction, the participant that provides the initiation service must provide, to the account provider participant, the information provided for:

I - in the § 1 of art. 5, in transactions initiated by the procedures provided for in art. 5, item I;

II - in the § 1 of art. 5, added with the information relating to the Pix key of the receiving user, in transactions initiated by the procedures provided for in art. 5, item II.

§ 2 The technical requirements and the operational procedures necessary for the participant to initiate a Pix through a service of initiation of payment transaction must follow the provisions in Resolution BCB No. 32, of October 29, 2020, and in the norms derived from it.

§ 3 The service of initiation of payment transaction may be offered by:

I - the initiating participant; and

II - the account provider participant that can provide the service of initiation of payment transaction, in accordance with Resolution BCB No. 80, of March 25 2021.” (NR)

“Art.
23.
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II - government entity;

III - special liquidator; and

IV - initiator.

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§ 4 Financial institutions, payment institutions and other institutions authorized to function by the Central Bank of Brazil that, within the scope of Pix, have as their exclusive objective to provide the service of initiation of payment transaction may act as initiators.” (NR)

“Art.
37. ..........................................................................................................

§ 1 The Central Bank of Brazil will publish a specific document with guidelines on the use of payment instruments as a parameter for setting the value limits referred to in the main text.

§ 2 The limits referred to in the main text may be applied to any form of initiation of a Pix, including in cases where the transaction is initiated through a payment transaction initiation service.” (NR)

“Art. 38. A transaction within the scope of Pix must be rejected by the account provider participant of the payer user when:

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II - there is a well-founded suspicion of fraud, including in cases where it is providing the service of initiation of payment transaction;

................................................................................................................” (NR)

“Art. 38-A. A transaction within the scope of Pix must be rejected by the initiating participant when there is a well-founded suspicion of fraud.

Sole
Paragraph. The provisions of the sole paragraph of art. 38 apply to the initiating participant, insofar as applicable.” (NR)

“Art.
48. ..........................................................................................................

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§ 2 Indirect access to the DICT by the account provider participant must be carried out through a Pix participant with direct access to the DICT, and must include, at a minimum, the execution of registration, deletion, portability, possession claim, synchronization check and query orders.

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§ 4 Indirect access to the DICT by the initiating participant must be carried out through a Pix participant with direct access to the DICT, and must include the execution of queries and, when offered, of verification of registered Pix keys.

§ 5 It is prohibited for the initiating participant to provide the service of access to the DICT.

§ 6 The provisions in the main text do not apply to the initiating participant that provides, to the account provider participant, the information provided for in art. 5, § 1, without the need to access the DICT.” (NR)

“Art. 54. The following functionalities, associated with Pix keys, are available for account provider participants or special liquidators of Pix with direct access to the DICT:

................................................................................................................” (NR)

“Art.
54-A. Initiating participants with direct access to the DICT have access only to the functionalities provided for in art. 54, items VII and IX.” (NR)

“Art. 87-A. .......................................................................................................

I -
......................................................................................................................

a) the individual payer user initiates the transaction through manual insertion of transaction account data, Pix key, static QR Code or payment transaction initiation service, in cases where the participant has all the information of the receiving user, limited to 30 (thirty) transactions per month; or

b) the corporate payer user initiates the transaction through manual insertion of transaction account data, Pix key or payment transaction initiation service, in cases where the participant has all the information of the receiving user;

................................................................................................................” (NR)

“Art. 87-B. .......................................................................................................

I -
......................................................................................................................

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b) the individual payer user initiates the transaction through manual insertion of data from the transaction account, Pix key, static QR Code or payment transaction initiation service, in cases where the participant has all the information of the receiving user, from the 31st (thirty-first) transaction in the month; or

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II -
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b) the corporate payer user initiates the transaction through:

1. payment transaction initiation service, in cases where the participant has
   all the information of the receiving user; or

2. static, dynamic QR Code or another form of
   initiation associated with Pix Collection.” (NR)

“Art. 91. ..........................................................................................................

Sole
Paragraph. Conflicts and controversies that have their origin in transactions initiated through a payment transaction initiation service shall be resolved:

I - through the demand handling procedures provided for in Joint Resolution No. 1, of May 4, 2020, when involving, on one side, users and, on the other, participants that provide the service of initiation of payment transaction; or

II - according to the procedures and mechanisms for the handling and resolution of disputes established by the participating institutions of the Open Banking System, in accordance with art. 44, item IV, of Joint Resolution No. 1, of 2020, when involving, on one side, participants that provide the service of initiation of payment transaction and, on the other, account provider participants.” (NR)

“Art.
98-A. The provisions in
Chapters VIII and XI and in arts. 11-C, 36, 37, 37-A, 39, 39-A, 88, item II, and 89, items I and III, do not apply to the initiating participants referred to in item IV of art. 23.” (NR)

“Art. 101. Pix account provider participants not subject to the mandatory participation criterion, that do not make available to end users an application accessible via mobile phone, or that do not have the application as the main digital channel for payments and receipts, in terms of the number of transactions, must comply with the provisions of art. 6 until June 1, 2021, making available, by that date, the initiation of a Pix through their main digital channel.

§ 1 In the situation referred to in the main text, the participant may choose which or which of the Pix initiation procedures provided for in items I, II and III of art. 12 it will offer to payer users.

...............................................................................................................” (NR)

“Art. 101-C. The offer of Scheduled Pix not linked to a Pix Collection for payments with maturity is mandatory for account provider participants from September 1, 2021.” (NR)

“Art.
101-D. The request for a Scheduled Pix to a participant that provides the service of initiation of payment transaction, in accordance with art. 9, item II, may only be made available from November 1 2021.” (NR)

“Art.
101-E. The initiation of a Pix through dynamic QR Code or static QR Code through a payment transaction initiation service may only be made available from November 1, 2021.” (NR)

“Art.
101-F. The initiation of a Pix through a payment transaction initiation service, in cases where the participant has all the information of the receiving user, referred to in item IV of art. 12, may only be made available from September 30, 2021.” (NR)

Art. 3 The following provisions of the Regulation annexed to Resolution BCB No. 1, of 2020, are repealed:

I - the sole paragraph of art. 7; and

II - the sole paragraph of art.
37.

Art. 4 This Resolution enters into force on August 2, 2021, producing effects, for the purpose of initiation of a Pix through a payment transaction initiation service, from August 30, 2021.

João Manoel Pinho de Mello
Director of Organization of the Financial System and Resolution