In the US, the TSA Secure Flight airline passenger data submission deadline is also 72 hours (for tickets purchased at least 72 hours in advance). The airline transmits all the passenger data at once to TSA for batch matching against various databases (no fly list, etc.) "Last minute" ticket purchases are checked separately via a real-time interface.
However, the TSA only requires submission of the passenger's full name, DOB and gender. The Argentinian requirements seem a bit much.