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> bank transactions in Brazil Banks in Brazil routinely issue each customer with a duress PIN to mitigate the situation of a customer being frogmarched to an A
by xirium 18y ago
> bank transactions in Brazil
Banks in Brazil routinely issue each customer with a duress PIN to mitigate the situation of a customer being frogmarched to an ATM at gunpoint. This is in addition to ATMs being unavailable in early hours due to the majority transactions being theft at gunpoint.
Initial implementations of the duress PIN displayed an identical withdrawal limit and led to customers being shot. Subsequent implementations provide a reduced limit.
I discovered this after lending a trifling amount to a Brazilian ex-colleague in the UK. He retained his Brazilian bank account and, to repay me, he had calculate the timezone differences for ATM use.