Square Gets a New Chip Reader for Security

[Victorious Secret]

 

Neat, I guess. I was hoping for a NFC/Tap and Go solution as well. Its how all my cards work and how I prefer to pay, but this is a good start for the tiny reader that could. Also, I find it weird that America of all places lags behind in the adoption of the Chip system. 

 

 

 

There's a good reason you don't usually see Square readers outside of the US: they're built to read payment cards with magnetic stripes, not the more secure chip-and-PIN cards that are common everywhere else. All that's set to change, however. Square has revealed plansfor a reader that accepts the chip-based EMV format alongside stripes, letting shops handle credit and debit cards from around the world (and the US, once it catches up). The company will only start taking pre-orders for the payment device later this year, but it could be worthwhile for stores and customers alike. Besides the greater availability, it's much harder to clone a chip card -- you shouldn't have to worry about an unscrupulous clerk (or a clever hacker) stealing your credit card and going on a shopping spree.

 

 

http://www.engadget.com/2014/07/30/square-chip-card-reader/

[StingBull]

I was expecting Square Enix and was like what the fuck? What's Square anyway?