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IPG file issue 13062019

Please note due to a technical issue overnight, some Merchants will experience a 1 day funding delay. The funds that are due today will instead be deposited into your account tomorrow, Friday 14th of June. Apologies for the inconvenience this has caused.

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Brexit and AIB Merchant Services

We do not expect that our services to you will be interrupted nor do you need to do anything for your service to continue. There are two  particular issues we have considered: data transfers and licence passporting.

Data Transfers – UK to the EU

According to the Irish Data Protection Commissioner, the UK Government expects personal data to flow freely from the UK to the EU as normal, even in the event of a no-deal Brexit.

Data Transfers – EU to the UK

We have agreed to binding corporate rules about transferring data from Ireland to our affiliates in the UK.

Licence Passporting

We have permission from the UK regulator, the Financial Conduct Authority, to continue to passport our Irish licence into the UK after 28 March 2019. This means we will  continue to support UK merchants even in a no-deal Brexit.

We will monitor this situation and if we do have to make changes we will let you know.

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