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Square getting an EMV chip update for more secure mobile credit card payments

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><a href='http://www.imore.com/square-getting-emv-chip-update-more-secure-mobile-credit-card-payments' title="Square getting an EMV chip update for more secure mobile credit card payments"><img src='http://www.imore.com/sites/imore.com/files/styles/large/public/field/image/2014/07/square_emv_render_press.jpg?itok=R9GKoeL7' />[/url]</p> <p>The little card reader that launched a mobile payments (http://www.imore.com/best-payment-and-wallet-apps-iphone-square-wallet-paypal-passbook-and-more) revolution — Square — today unveiled a new version of their card reader that is designed to work with the EMV chipped credit cards. EMV credit cards are a mainstay around the world and just starting to make headway in the United States (including a fraud liability deadline for businessses coming up in October 2015), and the new version of Square supports EMV in addition to the old-school magnetic swipe strip.</p> <!--break--> <p>Square EMV maintains the same rounded-square design as previous iterations of the card reader, with a wide pass-through slot for magnetic swiping and a narrower slot for chipped cards. Just push the card in (chip-end-down, obviously) and there's said to be enough friction there to hold it in place while you complete the transaction on the attached iPhone or iPad.</p> <p>There's not a release date or price yet for the new EMV-equipped Square card reader, but the company will be taking pre-orders for it later this year. It's been a while since attention's been paid to the Square reader — the company has been focusing on services like in-store pickup (http://www.imore.com/square-launches-store-pickup-offline-sales-and-inventory-tracking) and online orders (http://www.imore.com/place-food-orders-store-pickup-new-square-app) over the past several months.</p> <p>What do you think about Square adding EMV support to their credit card reader?</p> <p>Source: Square (https://squareup.com/news/releases/2014/emv)</p> </div></div></div><div id="comment-wrapper-nid-26055"></div><img width='1' height='1' src='http://tipb.com.feedsportal.com/c/33998/f/616881/s/3d0398f9/sc/36/mf.gif' border='0'/><br clear='all'/>

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Source: Square getting an EMV chip update for more secure mobile credit card payments (http://feedproxy.google.com/~r/TheIphoneBlog/~3/lWuOxlQcLyo/story01.htm)