Mecanismo Especial de Devolução 2.0 (MED 2.0) — PIX Consumer-Fraud Refund and Multi-Hop Tracking Mechanism
By Central Bank of Brazil
BCB's Mecanismo Especial de Devolução 2.0 (MED 2.0) is the consumer-facing fraud-redress mechanism integrated into the PIX inter-bank messaging layer. When a consumer reports a PIX-related scam through their bank's app, MED 2.0 triggers automated inter-institutional communication within 30 minutes, tracks the digital money trail across multiple generations of mule-account transfers ('multi-hop')…
- Use cases, geography and tags
- Organizations that created, adopted or are mentioned
- Ecosystem position
- Link to the original asset
- Comments and reactions