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Pablo Escobar's brother sues Europe's most valuable fintech company for millions

27 Nov 2020

Recent events have once again highlighted the growing concerns centred on the UK's growing use of Buy Now Pay Later (BNPL) services.
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Worcester home and gift shop named as Britain's Best Small Shop of 2020

26 Nov 2020

A family run, independent, home and gift shop in Worcester has been named as Britain's Best Small Shop of 2020.
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Government Spending Review: The most relevant Spending Review policies to independent retailers

25 Nov 2020

The Chancellor presented his Spending Review to Parliament today settingout the Government's departmental spending plans for the year ahead andresponse to Coronavirus (Covid-19).
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IRC seeks extension to retailer eviction protection in Westminster Hall Debate

19 Nov 2020

IRC member enters debate to seek an extension to the moratorium onevictions within the Coronavirus Act 2020. Can you help us... Read more…

Indie Retail UK partners with TraffikFlo to help independent retailers manage social distancing

19 Nov 2020

Indie Retail are delighted to announce a partnership between themselves and the app-controlled window display sign TraffikFlo, enabling more shops to simply and effectively manage social... Read more…

BA Issues Open Letter Calling on Government to Reclassify Bookshops as Essential Retailers

10 Nov 2020

The Booksellers Association (BA) has today written to key government Ministers and selected Lords letter calling on the Government to classify bookshops as essential retailers therefore... Read more…

Black Friday spending expected to increase to 6 billion

9 Nov 2020

The overall spend across the UK will increase by £400 million from £5.60 billion projection in 2019
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Greeting card industry asks Government to rethink second lockdown

6 Nov 2020

The greeting card industry is coming together to try and get the government to rethink on the second lockdown.
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Learn how to improve your social media with the Maybe* webinar

5 Nov 2020

Join Maybe* next Monday for a webinar to learn how you can optimise social media to maximise your consumer reach!

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Safety will be number one factor among shoppers this Christmas according to Maybe* report

28 Oct 2020

Maybe* has gathered 14,000 answers from across the UK to understand what shoppers want from retail over Christmas 2020
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Are you prepared for changes to SCA legislation? Take the survey now

Posted on in Business News, Cycles News

We previously reported that SCA (Strong Customer Authentication) was to be introduced on ecommerce transactions, but the legislation was postponed from its originally planned launch in 2019.

Bira, member of the IRC alongside ActSmart and the ACT, is on the UK Task Force, representing SME businesses in the group set up by UK Finance.

Payment processing providers should be informing their customers of the coming changes, and whilst Global Payments, Bira's official partner are in the process of producing guidance for Bira members, Bira, in conjunction with UK Finance wish to understand SCA readiness amongst UK SMEs.

Within the UK, SCA will be introduced gradually from February 2021 leading up to the FCA enforcement date of 14th September 2021. For further information on the SCA implementation and ramp up plan, please refer to the UK Finance SCA webpage here. For the rest of Europe, the enforcement date for SCA is from 31st December 2020.

It is important that your business will be ready to comply with the regulations as soon as possible and by 31st May 2021 at the latest. Otherwise, your customers may find their UK payments declined from as early as 1st June 2021 if you/your payment processing providers are not ready.

Please help us understand your knowledge and preparedness for SCA by completing the following anonymous survey before 27th October.

www.surveymonkey.co.uk/r/Bira-SCA-3 

 


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