VentureBeat – 11/12/14: Merchants may have some difficulty switching to EMV cards next year, but at least they’ll have a range of options when it comes to payment terminals. Square is debuting its affordable chip card reader for preorder today. The announcement comes nearly a year in advance of Visa and MasterCard’s 2015 time frame for merchants to begin accepting chip cards or else incur the costs associated with fraudulent charges on traditional magnetic swipe cards. Square is using signatures to authorize chip card transactions, which some may say is less secure than a chip-and-pin code framework.
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