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2 May 2025

Could the UK cycling industry be showing signs of renewed momentum? Following a challenging period marked by falling sales and overstocked inventories, overall trends and sales figures from...

2 May 2025

The Netherlands is set to legalise electric scooters and other light electric vehicles on public roads from July 2025, provided they are registered and display a license plate.

30 Apr 2025

The ACT has welcomed the announcement of a parliamentary inquiry into e-bike products not meeting safety regulations, which has been launched “in context of dangerous low-quality e-bike...

29 Apr 2025

Edinburgh has been named the UK’s top city for bike commuting, with 10.00% of its workforce choosing to cycle to work, according to new research.

28 Apr 2025

The Labour Government’s new Employment Rights Bill is set to be in force this year and the new regulations will impact high street retailers up and down the country.

25 Apr 2025

ACT parent company Bira welcomes the Chancellor's announcement of plans to create a level playing field for British businesses against unfair international trade practices.

15 Apr 2025

Retail Crime Remains Alarming - Bira's Latest Survey Reveals Urgent Need for Action

11 Apr 2025

Bira has cautiously welcomed the Prime Minister's announcement this week on plans to put 'thousands of Bobbies back on the Beat' with a new neighbourhood policing guarantee.

11 Apr 2025

Cycling UK has called for greater, targeted investment in cycling infrastructure across the UK to help more women feel safe and confident to cycle, with the charity urging Government to commit...

10 Apr 2025

Graeme Stickells, Head Trainer at South Africa’s only Cytech training centre Torq Zone Academy, is recovering from a life-threatening hit-and-run incident — and a crowdfunder has...

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Another positive change from V12 Retail Finance

Posted on in Business News , Cycles News

ACT's retail finance provider V12 has made further security enhancements to their application process maintaining their commitment to keeping you safe.

Ride it away - the ACT and V12 joint initiative - is now worth over £100m p.a. in sales to the cycles industry, V12 continue to be the most progressive and reliable finance provider for the cycles marketplace and have recently been awarded the Feefo Gold Trusted Service Award for providing superb customer service and best possible experience for all their customers. This latest security update is another example of why they are the number one cycles finance provider.

Feefo gold  

So what's this latest change?

V12 are at the forefront of change, committed to keeping their retailers safe and they have recently reviewed and updated their fraud protection services and in doing so, they have improved the customer journey.

V12 have removed the customer card validation check improving the customer application journey by making it more efficient and simple. This has been removed from online, in-store and mail order applications but the security check will remain in place for applications that have click and collect delivery options.

When did this happen?

V12 removed the debit or credit card validation checking procedure from their application process on Tuesday 12th March.

What do I need to do?

You do not need to do anything apart from advise your staff that this change is taking place so that they are aware.

You can read the full email V12 circulated here.

If you have any questions about these changes please contact the ACT on 01273 427 700 or your V12 account manager directly or the V12 sales support team on 02920 468 918.

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