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09-26-2016, 06:52 PM
Square wants to make your chip card less an**ying
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Square k**ws that chip credit cards are an**ying. That's why the payment company is trying to cut down the time you have to wait for your chip to process, at least when you're paying at a Square vendor.*
Square has cut down the transaction speed for its contactless and chip reader from 5.7 to 4.2 seconds, it an**unced Monday. The company points out that that's 25 percent faster, but it's still aiming to get the time down to three seconds in the long run.*
That 4.2 seconds is the time from dipping a credit or debit card into the chip reader to when the transaction is complete.*
Chip cards use EMV, or Europay Mastercard Visa, tech**logy.* Read more... (http://mashable.com/2016/09/26/square-emv-chip-card-transaction-time/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Jack Dorsey (http://mashable.com/category/jack-dorsey/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Visa (http://mashable.com/category/visa/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Debit Card (http://mashable.com/category/debit-card/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Credit Card (http://mashable.com/category/credit-card/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/CSbCtUmKU2M
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Square k**ws that chip credit cards are an**ying. That's why the payment company is trying to cut down the time you have to wait for your chip to process, at least when you're paying at a Square vendor.*
Square has cut down the transaction speed for its contactless and chip reader from 5.7 to 4.2 seconds, it an**unced Monday. The company points out that that's 25 percent faster, but it's still aiming to get the time down to three seconds in the long run.*
That 4.2 seconds is the time from dipping a credit or debit card into the chip reader to when the transaction is complete.*
Chip cards use EMV, or Europay Mastercard Visa, tech**logy.* Read more... (http://mashable.com/2016/09/26/square-emv-chip-card-transaction-time/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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