September 27, 2016Blog Posts

Square slashes chip card reader transaction times


Square has moved to address merchant and consumer frustration with sluggish EMV transactions in the US by slashing the speed of its chip card reader by a quarter. Meanwhile, Jack Dorsey’s firm has launched the latest version of its hardware – which accepts contactless payments – in Australia. A year after America finally began the transition to chip cards, the technology has been widely criticised for how much longer transactions take than with old-fashioned mag-stripe plastic.


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