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Retail container traffic drops, but slated to gain as holidays near
Washington, D.C. -- A report released Tuesday by the National Retail Federation and Hackett Associates showed that import cargo volume at the nation’s major retail container ports dropped below last year, but are expected to see year-over-year gains again this fall.
According to the monthly Global Port Tracker report, volumes will stay below last year through the summer, but will edge up as retailers begin to stock up for the holiday season.
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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.