Visa: New Technology for Chip Cards to Speed Checkout Times

April 19, 2016 1:23 PM

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Visa says its improving its smart chip-embedded cards, which have been the source of grumbling from businesses and customers forced to wait for transactions to go through.

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

Also read: Amex launches new cash back card

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