mPOS payment player Square has revealed plans to launch a EMV-compliant chip and signature version of its mPOS dongle as the US continues to implement EMV.
mPOS player Square is launching an EMV-compliant chip and signature reader
Square has built a new version of its card reader which includes a slot for customers to place their cards in during transactions. Square has not built a PIN pad into its reader, with customers instead making signatures to complete transactions. The reader will continue accept magnetic stripe cards and has a mini-USB port for charging.
Square claims that most EMV offerings cost hundreds of dollars and require lengthy contracts, whereas its new chip reader will give sellers an affordable and seamless transition to securely accepting chip card payments.
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