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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: 2) by c0lo on Tuesday August 21 2018, @02:43PM

    by c0lo (156) Subscriber Badge on Tuesday August 21 2018, @02:43PM (#724182) Journal

    And again, the 1 minute doesn't even come close to being a large percentage of the time required for the shopping trip in question.

    I guess you don't feel the truth of the saying: the duration of a minute strongly depends on the side of the toilet door you are on (grin)

    I hate waiting in line as a necessary phase of a necessary activity I hate all over (shopping). At least while loading the trolley I do something, but waiting in that line? Can't wait for that minute to end, drives me nuttier than the usual me.
    A good thing all the POS terminals I encounter in my daily life are NFC-ed.

    the store could address that, like having more cashiers on duty

    Good luck with that, you will need it.

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