Square's New Device Will Read Microchip Credit Cards

EMV migration in the U.S. in finally upon us, and Square wants in.

For thieves looking to commit credit card fraud, apparently there's no better place to do it than the U.S. According to The Nilson Report, nearly half of reported credit card fraud worldwide occurs in the U.S., and the massive security breaches at Target and Neiman Marcus earlier this year have only punctuated this dismal statistic.

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