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30 Apr 2024

The UK’s estimated 7.6 million cyclists are being urged to get on their bikes on Saturday May 4th and head down to their local independent bike shop, as many prepare special activities to...

23 Apr 2024

This May, join the movement to create safer, more bike-friendly streets with the Bike Month Challenge and #MakeEveryRideCount!

23 Apr 2024

The number of reported e-bike thefts doubled in the space of a year in the UK, with a 103% increase in 2023 compared to 2022, according to a study by Evolve E-bikes. While the...

22 Apr 2024

Small shops have been more "agile" at fighting COVID sale slumps than chain stores, according to a new report.

22 Apr 2024

For the first time in its campaign to help the city address escalating lithium-ion battery fires, the Fire Department of New York filed criminal charges against a Brooklyn e-bike shop owner for...

22 Apr 2024

The managing director of Brompton has backed a campaign to introduce stricter e-bike battery regulations in the UK, amid "too many examples of e-bikes, e-scooters and light electric...

15 Apr 2024

The Rediscovery Centre, the National Centre for the Circular Economy in Ireland, today announced its partnership with Cytech, the internationally recognised training and accreditation scheme for...

12 Apr 2024

Just two weeks remain for the UK cycle industry to have its say on the current Government consultation to double the permissible power of e-bikes, and to remove the need for pedalling.

10 Apr 2024

Award-winning cycling business Spokes Bikes has added a new shop in Greenock to existing shop in Bridge of Weir.

9 Apr 2024

Communities across England are to be given access to £101 million of government funding for high-quality walking and cycling routes, improving the quality of local public engagement for...

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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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