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 ...

Earlier today, Prague-based crypto security startup Tropic square, a subsidiary of SatoshiLabs, announced that it received a 4 million euro (about $4.776 million) investment to propel its work on the ...

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

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 ...

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 ...

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 chip cards also need to stay in the credit card reader for the entire transaction duration. Square's new reader has a partial slot that is used for the upper left corner of the card.

In addition, Square is also taking preorders for a new "Chip Card Accessory" for the Square Stand. The $39 accessory connects to the iPad stand with an included USB hardware hub.

Help Desk Artificial Intelligence Internet Culture Space Tech Policy The Switch Square confirms: People really don’t like those chip credit cards September 1, 2016 More than 8 years ago Summary ...