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Ingenico prepares for Brexit

Laurence Lascelles

Ingenico is committed to providing our services in the EU and UK for all our merchants operating across Europe and the UK.

We are aware that many of our merchants are concerned about the possible implications of Brexit on their business. As a leader in the payment industry, Ingenico has taken the necessary steps to ensure we can operate as before  we secure both our and your transaction business post Brexit and on the transition that starts from 1st January 2021 and beyond.

The Financial Conduct Authority (FCA) has granted a Temporary Permission regime (TPR) on 14 February 2019 to all Ingenico payment service providers operating in the UK. This means that Ingenico is fully authorized to continue processing funds for merchants active in the UK after Brexit day. We will keep close contact with FCA to ensure that this status will continue after the end of the transition period.

We will regularly update this page to ensure that our merchants are supported and provided with the latest information on the situation. 

PSD2 and Strong Customer Authentication and Brexit:
As you might know, the UK would like to implement the requirements imposed by the European Union on PSD2 Directive on payments as well, but later during the year, as of 14th September 2021. However, the Directive governs by the issuer and acquirer location and disregards your location, as a merchant.

Furthermore, the requirement for a secure authentication is assessed on a transaction level. This implies that you, as a UK merchant, still needs to apply 3DSv2 for cards issued in the EEA. Of course, if you only process domestic cards, you will need to be ready by Sept 2021. If you would like to know more about Strong Customer Authentication and it’s requirements please consult our dedicated guide on PSD2/3DSv2.

Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.