European Payments Council publishes a press release about the impact of a “no-deal” Brexit on payments from customers based in the EU

On 2 September 2019, the European Payments Council published a press release on the operational impacts of a “no deal” Brexit on credit transfers and direct debits from the Single Euro Payments Area.

The European Payments Council sets out steps which should be taken to prepare for a “no deal” Brexit. Firms should consider these steps as a matter of urgency.