Square's New Chip Card Reader, Will Make Your Payments More Secure

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 Plans for 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 in 2014 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.




Info Sources:

https://squareup.com/news/releases/2014/emv

https://squareup.com/emv