Square wants to make your chip card less an**ying

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Square wants to make your chip card less an**ying

Square wants to make your chip card less an**ying

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...

More about Jack Dorsey, Twitter, Visa, Debit Card, and Credit Card

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