Pretty much everyone has a "chip card," or a credit card with a microchip in it that is now used to pay instead of the old "swiping method. These chip cards are also universally hated by both the users trying to pay, and by the cashier who is tasked with explaining how to use the chip reader to their customers (take it from a cashier- its a pain). One of the biggest complaints levied against chip cards is how long it takes for the transaction to process. While the old method of swiping your card took only a few seconds, the chip card processing can take upwards of 12 seconds. The good news is that the company Square, which is one of the suppliers of the chip technology has announced that they have been able to shave 25% off the average time to process the cards. This is good news for consumers and cashiers alike. Even better is that Square is hoping to continue to lower the time needed for transactions, aiming for the three second range, and I speak for everyone when I say that it is much needed.
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Generic "chip card" |