RegAlert2012-04-17 | SGDB N° 016/2012Added · Updated
SGDB No. 016/2012: Minimum Operational Security Requirements for Electronic Payment Instruments
The Central Bank of Bolivia establishes mandatory minimum operational security standards for electronic fund transfer orders, mobile wallets, and payment cards. Financial entities must implement encrypted communication channels, robust two-factor authentication, and specific data retention and integrity protocols. For payment cards, the regulation mandates migration to the EMV chip standard, assigning liability for magnetic stripe transactions to acquirers or issuers based on terminal capabilities, and requires dynamic data authentication for offline operations.
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EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, April 17, 2012
SGDB No. 016/2012
FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
TO: FINANCIAL ENTITIES, ACCL S.A., EDV S.A., ATC S.A., LINKSER S.A., SERVired S.A., PAYMENT SERVICE PROVIDER COMPANIES
SUBJECT: MINIMUM OPERATIONAL SECURITY REQUIREMENTS FOR ELECTRONIC PAYMENT INSTRUMENTS
Ladies and Gentlemen:
In the framework of its regulatory powers over the national payments system and in accordance with Article 15 of the Regulation on Electronic Payment Instruments, approved through R.D. No. 126/2011 of October 4, 2011, and modified by R.D. 025/2012 of February 23, 2012, the Central Bank of Bolivia transmits for application and compliance the minimum operational security requirements for payment cards, electronic fund transfer orders, and mobile wallets.
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Lineage: Superseded
Timeline
Amended 1 time · last 2016-02-22
Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works