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29 Dec 2020

Welsh Government Finance Minister Rebecca Evans MS has unveiled its ‘Protect, Build, Change' draft Budget for 2021/22

22 Dec 2020

The ActSmart office will be open as usual (9am-5:15pm) for the majority of the Christmas period, with some exceptions.

21 Dec 2020

All retailers, who have a taxable turnover of £10,000 or more per year from their business or income from property will now be required to submit their tax returns digitally.

18 Dec 2020

A coalition of small business leaders, tax experts and company directorshave mapped out the measures needed to address a government shortcomingwhich has left thousands with no income support...

17 Dec 2020

Since improvements were made to the ACT's offering back in October membership numbers have increased by 17.5% to the end of November as thenew structure is well received throughout the...

17 Dec 2020 | 1 comment

The ACT would like your opinion, as a bike business, on the level of government support you would like to see for the e-bike market over the next few years

17 Dec 2020

Butterworth Spengler have provided an update on the situation regarding the implications of driving outside the UK if a ‘Brexit' deal is not struck, and how this will affect motor...

17 Dec 2020

Popular Buy Now Pay Later (BNPL) providers have once again made the headlines across multiple news sites for the growing amount of distrust being triggered among consumers.

16 Dec 2020

Maybe* have used their insight tool to round up some of the best social media posts of #smallbizsatuk from businesses, customers, councils, BIDs, shopping centres, and lots more in between.

15 Dec 2020

Ricardo Energy & Environment and UK Power Networks are running a survey to understand how best to support SMEs that may be looking to invest in their first electric vehicle, or to switch their...

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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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