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posted by martyb on Monday August 20 2018, @02:59PM   Printer-friendly
from the spending-money-faster dept.

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/


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  • (Score: 0) by Anonymous Coward on Monday August 20 2018, @11:18PM

    by Anonymous Coward on Monday August 20 2018, @11:18PM (#723962)

    The ones where I live are pretty *slow*. As in 30+ seconds to finish the auth/remove card sequence.

    One store right next to where I live (fresh market). Their systems are *fast* as in the first time I used it I thought I had done something wrong. Usually almost as fast as the old swipe method.