{$inpagemarkup}

Search News

Results: 511-520 of 700


Budget 2021-22 Briefing: Business rates holiday extended, restart grants for retailers and reduced VAT

3 Mar 2021

Key highlights include an extension to the business rates holiday and furlough scheme, as well as new £6000 "restart" grants for non-essential retailers.
Read more…

Facebook Shop features coming to UK in the latest social media news

3 Mar 2021

Maybe* has made a collection of recent social headlines to help you stay up-to-date.
Read more…

ACS publish Rural Shop Report 2021

23 Feb 2021

The report provides key insights into the social and economic contributions of the rural shop sector, including profiles of the entrepreneurs that run rural shops, the investments they make... Read more…

Leading industry bodies urge Government to abolish bid to turn city centres into homes from home

18 Feb 2021

Leading industry bodies, including IRC members, have warned the Secretary of State that this notion puts the future of our town centres at serious risk
Read more…

Updated guidance on Strong Customer Authentication (SCA)

18 Feb 2021

From 1 June 2021 any UK businesses accepting online card payments must be ready to support SCA
Read more…

Scotland announces business rates holiday extension until April 2022

17 Feb 2021

The Scottish Government Finance Secretary plans to extend 100% business rates relief for all retailers to cover all of 2021/22
Read more…

APPGCW announce virtual meeting to discuss Planning White Paper and its impact on active travel

16 Feb 2021

All ACT members are invited to join the webinars, please contact us if you'd like to attend

Read more…

Join us in urging MPs to extend business rates holiday

10 Feb 2021

Use this template to email your MP to help independent retailers survive the pandemic by delaying the return of business rates.
Read more…

Firms call for Government to reform business rates or risk a high street collapse

10 Feb 2021

Letter to Rishi Sunak signed by Tesco, B&Q, Waterstones, and members of the IRC, calls for the business rates system to be reformed to make it fairer for physical stores

Read more…

ACT meeting with business ministers: send us your questions

10 Feb 2021

Whether you'd like to ask about business rates, the rent moratorium, or Government support for IBDs during the pandemic, we want to hear it.
Read more…

Back to news menu

Updated guidance on Strong Customer Authentication (SCA)

Posted on in Business News, Cycles News

UK Finance have announced that from 1 June 2021 you must be ready to support Strong Customer Authentication (SCA) if your business accepts online card payments.

If your online checkout for card payments does not meet the new legal requirements for SCA, customers may not be able to buy from you.

Strong Customer Authentication is the way your bank or payment services provider verifies your identity or validates a specific payment instruction is changing. These changes are designed to reduce the risk of a fraudster pretending to be you to steal your money. Your customers' checkout experience will be different, they will be required to complete an extra security step to complete the purchase. 

 

What do I need to do now to minimise business disruption?

  1. Contact the organisation responsible for processing your online card payments for help getting ready
  2. Familiarise yourself with SCA and understand the impact on your customers' checkout experience
  3. Update and test your checkout processes well in advance of 1 June 2021 to minimise your customers' online card payments from being declined

The benefits of SCA:

✓ Reduced fraudulent transactions - reducing your losses
✓ Improved customer satisfaction - confidence and loyalty
✓ Shift in liability - from you to your customer's card provider
 

What could happen if I'm not ready?

X Loss of online sales - customers abandoning or being declined at checkout
X Loss of customers - to more secure competitors
X Reduced customer satisfaction - due to increased friction and payments being declined 
 
 

Finding the best card processing service for you

The ACT and ActSmart have partnered with two card processing partners to ensure the we can provide the best solution for all business.
 
We recommend Global Payments for established businesses with medium to high card turnover and Paya Card Services for new and smaller businesses with lower card volumes.
 
To find out more about which service is best for your business please visit the ActSmart site here or ACT site here.

Back to news menu

Useful links

If you have any other queries please contact us.