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Visa to accelerate chip migration and mobile payment adoption
San Francisco -- Visa announced Tuesday that it plans to accelerate the migration to EMV contact and contactless chip technology in the United States.
The adoption of dual-interface chip technology will help prepare the U.S. payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale.
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NPD report: U.S. restaurant count down by 9,450 from last year
Chicago -- A Tuesday report by NPD Group said that U.S. restaurant unit counts declined by 2%, which translates to a loss of 9,450 restaurants since last year.
According to the report, most of the total unit declines were independent restaurants. Chain restaurant unit counts remained relatively stable, according to NPD research.