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April 20, 2016

Visa says it will fix those slow chip cards

  • Chip-embedded cards provide much more security than traditional magnetic strips, and are much harder, if not impossible, to duplicate.
    • By BREE FOWLER and KEN SWEET
    AP Business Writers

    Visa is upgrading its software to process chip-embedded credit and debit cards to function faster — addressing a source of grumbling from businesses and customers who are often forced to wait for transactions to go through.

    The company said Tuesday that its program — Quick Chip for EMV — will let customers dip and remove cards, usually in two seconds or less, without waiting for purchases to be finalized.


     
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