Brazil’s Central Bank expands Pix fraud tracing under MED 2.0
Brazil’s Central Bank has brought in MED 2.0, which traces disputed fraud funds across successive accounts and institutions, the report says. Payment service providers involved receive notifications and must analyse cases, block funds and return them through a sequential process. The report says the change creates shorter response deadlines and potential fraud flags for accounts involved.
Operators accepting Pix payments may need to respond quickly to fraud notifications and manage potential account flags.