Regulatory Alerts2019-10-01 | DOF 5573930Added
Resolution modifying the General Provisions applicable to credit institutions
The National Banking and Securities Commission modifies the General Provisions applicable to credit institutions to promote financial inclusion and technological innovation by establishing flexible norms for electronic transfers. The resolution defines Mobile Banking, Mobile Payment, Mobile Phone, and Point of Sale Terminal, and updates authentication and service contracting rules. It removes prior registration and minimum waiting period requirements for electronic payments up to the Medium-Value threshold when specific validation controls are implemented. These changes apply to credit institutions and their clients.