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Chip and PIN gains influential supporter
The National Retail Federation and the Retail Industry Leaders Association are aligned with the nation’s top law enforcement agency in an effort to ensure consumers have access to the most secure payment methods.
The FBI has released an official advisory warning consumers that EMV-compliant cards are still vulnerable to fraud and PIN authentication is the best means to prevent personal data theft. According to the FBI. EMV cards can still be counterfeited with stolen card data obtained on the black market.
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Global retailer slowing down U.S. expansion
Did Japanese retailer Uniqlo miscalculate its appeal to American shoppers?
The company, a division of Fast Retailing, is moving into the slow lane with regards to its U.S. expansion. Uniqlo now plans to open only five U.S. locations in its current fiscal year, which began on September 1, 2015, after opening 17 in its most recently completed year.
Uniqlo, which has more than 1,600 stores worldwide, operates 43 stores across the United States.

