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Walmart launching chip-enabled store-brand MasterCard
New York -- Walmart announced in a post on its corporate blog that its store-brand MasterCard holders can expect to receive a new chip-enabled card in the "next few weeks." The discounter said it is among the first retailers to implement chip technology as a more secure payment means for cardholders. It also noted in the post that Sam's CLub introduced a chip-enabled MasterCard in June. Both cards prompt customers not to swipe – but to insert and briefly leave the card in the payment terminal, so the card’s embedded chip can be accessed.
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Foot Locker Q2 profit, sales top estimates
New York -- Foot Locker on Friday turned in another winning performance, posting sales and income for the second quarter that topped analysts’ estimates.
Net income for the quarter increased to $92 million, from $66 million in the year-ago period.
Total sales increased 12.9%, to $1.64 billion, compared with $1.45 billion for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the second quarter increased 11.7%.