Brazil’s Central Bank updates Pix rules and strengthens security mechanisms through Resolution BCB 587

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Brazil’s Central Bank has updated Pix rules through Resolution BCB 587, covering feature expansion, participant procedures, and security mechanisms. Starting July 1, 2027, Pix Automático can be used for recurring payments authorized by customers from salary accounts. The new rules also establish automatic cancellation rules for hybrid bills containing both a boleto barcode and a Pix Cobrança QR Code, and require suspected fraud markers to be notified to users and canceled once the basis for them no longer exists.