Anyone who has encountered a "NO CHIP, PLEASE SWIPE" sign while trying to pay via credit or debit card has probably noticed the switch from magnetic stripes to EMV chips hasn't been the smoothest. According to one study cited by the New York Times, it takes an average of eight to 12 seconds just to complete a transaction. While folks outside the country might scoff at American impatience, Square went ahead and did something about it: driving down checkout times with its latest update to the Square contactless and chip reader.
Via: TechCrunch
Source: Square
