Costa Rica's banks approve new self-regulating code
Banks and others in Costa Rica who use the Internet to make financial transactions will soon have a new weapon to fight electronic fraud.
Tuesday, July 29, 2008
It is the Self-Regulation Code of Good Banking Practicies, which is being proposed by the Chamber of Banking and Financial Institutions of Costa Rica.
It enables real time banking transactions between accounts at different financial entities.
The Directorate General of Customs has launced the PAGOES platform (Electronic Payment of Government of El Salvador).
The main changes in the code are oral hearings, and the requirement for judges to speed up the process or risk facing a monetary fine.
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