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Submitted via IRC for Fnord666
If you’ve made any payments with a chip card, you’ve probably had awkward moments — those long seconds after you’ve inserted the card and everyone behind you is (literally or metaphorically) tapping their foot, waiting for the card to be processed. Well, Square has been working on this problem for a while now. Last fall, for example, CEO Jack Dorsey said the company had gotten the processing time down to under three seconds.
Today, the company is announcing that it’s shaved even more time off, and that Square contactless and chip Readers and Registers can now process chip cards in two seconds. To achieve this, it says it’s worked closely with payment partners — and it’s also streamlined the process so that you can remove your card as soon as it’s read, without waiting for the response from the card issuer.
Source: https://techcrunch.com/2018/08/15/square-chip-cards/
(Score: 3, Insightful) by BK on Monday August 20 2018, @03:14PM (6 children)
This should have been done before chip cards were released. Kudos for the effort though. Finally.
...but you HAVE heard of me.
(Score: 2) by RS3 on Monday August 20 2018, @03:51PM (2 children)
Chip cards- yet another step backward.
It's most embarrassing when in a convenience store, several much younger snappy people in line behind you, you're trying to act all cool and "I got dis", you insert and remove the card before it's done, but that's not good enough- you do this several more times.
(Score: 1, Touché) by Anonymous Coward on Monday August 20 2018, @04:17PM (1 child)
It's okay, grampa. You can pay by tapping the card on top of the card-reader. This modern world, eh.
(Score: 1, Touché) by Anonymous Coward on Monday August 20 2018, @11:13PM
https://www.youtube.com/results?search_query=skimming+nfc+cards [youtube.com]
We may be old but we have a bit of exp when it comes to dumb ass shit that is not ready...
(Score: 3, Informative) by legont on Tuesday August 21 2018, @01:47AM (2 children)
In Europe (even in backward places full of bears:) it is under a second for a decade.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 3, Funny) by c0lo on Tuesday August 21 2018, @02:47AM
Needs to be, if the place is full of bears.
(even more so if the place is full of beers, can't waste valuable drinking time)
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by aim on Tuesday August 21 2018, @11:19AM
Actually, the only longer wait times I've encountered (and it's been a while since)
were due to the terminal dialing in to the clearing provider over an analog line, for
every single transaction - that dialin alone took sth like 30s.
By now, most of these parts have fiber or at least DSL (at up to 100mbit/s)
(more than 95% market penetration), and that issue is just gone (already was
with the move to ISDN, which made the dialin almost instantaneous). And there's
the (also fast) wireless option besides the landline.