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European Payments Council urges no-deal Brexit preparation

Earlier this year, the European Payments Council (EPC) approved (on the application of UK Finance) the continued participation by UK PSPs in the SEPA payment schemes in the event of UK withdrawal from the EU on a no-deal basis.

Following this, the EPC has now issued a call to action for relevant PSPs to ensure they will be able to process cross-border SEPA payments, and in particular to ensure they obtain from their customers the additional transaction data required for such payments.

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Roseyna Jahangir