Wednesday 26 October 2016 | RSS



    News in brief

    Visa tech speeds up EMV checkout time

    News in brief

    Visa has launched Quick Chip for EMV, a technology enhancement that speeds up the checkout time when paying with an EMV card. “The Quick Chip specification is available free-of-charge to payment processors, acquiring banks and other payment networks to offer to merchants,” Visa says. “The upgrade streamlines the processing of chip card transactions to enable customers to dip and remove their EMV chip card from the terminal, typically in two seconds or less — several merchant processors, terminal providers and vendors plan to implement and offer Quick Chip in the coming months.”

    Filed by Email Rian Boden Published • Last updated 20 April 2016, 15:43

    • Willam Hugh Murray, CISSP

      The length of time to complete an EMV transaction is impacting both its use and adoption. Consumers prefer swipe and contactless.

      Any software change that the brands can make to make EMV faster will be welcome. That said, they need to issue contactless cards before all consumers go “card-less.”

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