The Quick Chip specification from Visa Inc. and the M/Chip Fast specification from MasterCard are available free of charge to POS terminal manufacturers, acquirers, system integrators, and PIN-based debit networks to reduce the processing time of EMV-compliant chip card transactions in the U.S. Cardholders will still insert their card into a reader but will be prompted to remove it in two seconds or less without waiting for the authorization response from the issuer. Quick Chip and M/Chip Fast are middleware software updates downloaded to a POS terminal or point-of-sale system. Neither requ...