Square readies new Reader with chip-and-PIN card support ahead of EMV adoption in the US

Square has unveiled plans to release a new Square Reader – a smartphone and tablet dongle that allows businesses to easily accept credit card payments – that supports chip-and-PIN cards in the US. The refreshed Square Reader will be compatible with EMV, a standard developed by Europay, MasterCard and Visa, ahead of its introduction in the US later this year. Square says its refreshed hardware will be available for pre-order in the coming months, but refrained from giving a price or firm release date. As Square notes, the US is “late to the party” when it comes to adopting chip...


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