Finance Hub

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.

• 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.

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.

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.