Bira is here to support you and help your business thrive, so we've collated all the relevant financial information, latest financial news, guidance and legislation relating to retail - all in one place.
Bank of England: New Polymer £50
Bira chaired the Bank Of England's Cash Handling Awareness and Training group on the £50 Polymer note.
The new note went into circulation on June 23, 2021.
One of the benefits shared by all the polymer banknotes is that they last longer than paper notes and they stay in better condition during their use. This note, like the polymer £10 and £20 will contain a tactile feature to help vision impaired people identify the denomination.
What to do if you are handed a counterfeit note
- Knowingly holding onto, or passing counterfeit notes is illegal.
- Make sure all employees understand your company policy regarding counterfeit notes and know what to say to customers.
- If you feel at risk, give the note back to the customer and ask for another form of payment. If you suspect the customer is purposefully trying to pass a counterfeit note, call the police, and if you have kept the note hand it over to them.
Strong Customer Authentication (SCA) regulation
Learn how the Strong Customer Authentication regulation affects your business and what you need to do get ready.
What is SCA?
SCA is a set of regulations that will change how consumers confirm their identity when making purchases online. The purpose of SCA is to ensure that only the legitimate cardholder can make payments.
How can Bira help?
If you use Bira's preferred Card Processing solution, Global Payments, their 3D Secure Solution will provide you with all the tools you need to perform authentication.
If you use a third-party provider for your e-commerce services, you need to speak to your solution provider to make sure your gateway is up to date. The Global Payments 3DS 2 solution may be used alongside your existing gateway solution if required.
Business Banking with Starling Bank
Approved service provider Starling Bank has partnered with Bira to get better business banking into the hands of more business owners across the UK with no monthly fees!
Business Banking with TBS
If you’re a small business, sole trader, or a start-up looking to grow, then our partnerships can help you get there. You can enjoy 30 months of free* Business Banking when you switch to TSB
Business Insurance
Bira Insurance through Expression is not only more competitive than other insurers in the market, but Bira members can save up to 30% off their base quote.
Save time and money by reviewing your business services
Latest Financial Resources
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Free impartial pension advice
MoneyHelper provides free, impartial money and pension guidance over the phone and online.
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