A few months ago, I received new credit cards in the mail from my credit card company. Nothing was wrong with my previous cards, but these new ones had a small, square chip right no the outside. It turns out that the U.S. is finally updating the way credit cards are read at retail terminals. The chips encrypt every transaction made, making it harder for hackers to steel information.
Today, Square announced that it would be offering updated chip card readers so retailers can take part in offering extra security to consumers without having to pay hundreds of dollars for new terminals.