One of the biggest EMV-related complaints from consumers and merchants alike has been the slowdown at the point of sale.   Those added seconds decrease customer satisfaction and slow down the checkout process, thereby creating significant added expense for high volume merchants.

The updated technology from Visa, known as Quick Chip for EMV, speeds up processing time, allows the consumer to dip the chip card briefly rather than leave it inserted, and enables the card to be tendered at any point during the transaction rather than waiting until the end of the checkout process.  Best of all, the enhancement does not require hardware upgrades.

Now, if Visa could just figure out a way to replace that annoying “beep beep beep” telling me to remove my card with something more pleasant to the ears.