In the UK we have been using chip and pin cards for some time instead of swipe and sign cards, and from October 2015, chip and pin cards will become mandatory in the U.S., and now Square has launched a new Square Reader to comply with chip and pin.
The new Square Reader will be compatible with chip and pin cards, which are designed to be more secure, and the company will also be able to expand into more markets with this new card reader.
There are more and more ways to pay, and with options like bitcoin and contactless, customers expect to pay however they want; cashiers should never have to say ‘We don’t accept that’,” said Jack Dorsey of Square. “Square started by empowering anybody to accept credit cards and enabling customers to pay with their name. Our EMV readers are the next step towards ensuring sellers make every sale.”
Currently, most EMV solutions cost hundreds of dollars and require lengthy contracts. Square’s new chip reader, available later this year for pre-order, is built to give sellers an affordable and seamless transition to securely accepting chip card payments. Like Square’s current card reader, this reader is small enough to fit in a pocket and works with iPhone, iPad, and Android devices.
You can find out more details about the new Square Reader over at the Square website.
Source The Verge