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5 Dec 2024

A former British cyclist, a host of CEOs and industry leaders are sharing their thoughts on the future of the cycling industry as part of a revealing new series launched by the Ride to Success...

4 Dec 2024

As credit card fraud becomes increasingly sophisticated, taking these steps could help you stay ahead of the fraudsters…

29 Nov 2024

Scottish independent retailers, including those in the cycling sector, are urging the Scottish Government to provide crucial business rates relief in its upcoming budget, as the disparity in...

28 Nov 2024

Independent retailers back call for local leadership and simplified funding.

26 Nov 2024

Seven in ten cycle retailers across the UK will boycott this year's Black Friday sales event, according to a survey of the bicycle trade by the ACT.

21 Nov 2024

A local cycling club is raising money and seeking donations and assistance in order to teach bike maintenance to young people through a series of workshops in 2025.

21 Nov 2024

National biking charity Cycling UK has launched a new scheme that recognises office buildings that encourage Cycle to Work and promote sustainable and active travel.

19 Nov 2024

Banning cycling in Birmingham city centre will not prevent the use of illegal electric transport, according to cycling news outlet Cycling Weekly, following reports of...

17 Nov 2024

Bira has held a meeting with members of the Treasury team to discuss concerns following its robust response to the Government’s recent Budget announcement.

14 Nov 2024

The ACT has announced a dynamic partnership with Saledock - an all-in-one POS, eCommerce, and inventory management platform tailor-made for bike shops and workshops.

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Deadline extension for Strong Customer Authentication

Posted on in Business News , Cycles News

The FCA have announced that they have extended the deadline for implementing Strong Customer Authentication (SCA) for e-commerce transactions to 14 March 2022.

This further 6-month extension is to ensure minimal disruption to merchants and consumers, and recognises ongoing challenges facing the industry to be ready by the previous 14 September 2021 deadline. The new 14 March 2022 deadline is the latest the FCA expect full SCA compliance for e-commerce transactions.

The FCA previously agreed to give firms extra time to implement SCA for card-based e-commerce transactions in response to concerns about industry readiness, and to limit the impact on consumers and merchants. The FCA also provided an additional 6-month extension in response to the coronavirus crisis.

The FCA welcome the implementation of SCA solutions which protect consumers while minimising the potential for disruption to customers and merchants.

The FCA still expect firms to continue to take robust action to reduce the risk of fraud.

More information on Strong Customer Authentication can be found here.

 

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