Square can't help every customer use a chip card more efficiently, but it is trying to solve the second problem. The company, which shares CEO Jack Dorsey with Twitter, says that 75 percent of the ...

The product is a white square that can be connected to the company’s Square Stand card reader. Customers will now be able to pay with their mobile devices, tap-enabled cards and chip-enabled cards.

iPhone Square Mobile payment Near Field Communication Square chip-and-signature cardreaders available for pre-order ahead of next year’s changes Ben Lovejoy | Nov 12 2014 - 6:25 am PT 10 Comments ...

Square has managed to make chip credit card transactions — traditionally very slow — to just three seconds. Here's how.

On Friday, financial payments firm Square (SQ) rolled out a firmware update to its half-a-million chip payment terminals, bringing the payment speed down to 3.6 seconds from 4.2 seconds for chip ...

The news comes a little more than a year after Jack Dorsey took to Twitter to boast that Square had trimmed its processing time down from 4.2 seconds to 3.6 seconds via a firmware update it rolled ...

Square says its card readers typically take about 5.7 seconds to process a chip-card transaction, but that the new software will cut the time down to 4.2 seconds.

The $39 product connects to the Stand, a white plastic cradle that can act as a point-of-sale register, via USB. Square says it will start delivering the chip accessory in early 2015.

Though Square’s new card reader isn’t free (like its swipe card reader), it is still reasonably priced. The mobile phone chip reader will be available for $29 and the chip card accessory for ...