Amex Quick Chip
News about Amex Quick Chip.
June 24th, 2016
Discover has unveiled Discover Quick Chip, a new option for merchants to streamline the checkout process when customers pay with cards. “Discover Quick Chip will reduce the time a chip card needs to remain in the point of sale terminal, making the checkout process more convenient for merchants and cardholders,” the card network says. American Express also unveiled a similar offering earlier this month. Visa originally unveiled a feature designed to streamline EMV transactions in April 2016, closely followed by MasterCard.
June 15th, 2016
American Express has unveiled Amex Quick Chip, a technology that enables merchants to provide cardmembers with a “more seamless” experience when paying with their EMV chip cards at the point of sale. “With Amex Quick Chip, cardmembers can dip their card during the checkout process and remove it before the transaction is completed,” American Express says. “Amex Quick Chip is available to merchant processors which may deploy the service to interested US merchants through a software update.” Visa unveiled a similar service in April 2016, closely followed by MasterCard.