Square's New Contactless Card Reader Supports Apple Pay

To make its product compatible with chip-based cards and digital wallets, Square has redesigned its credit card reader.

Just a week after its initial public offering, mobile payments company Square is unveiling its new card reader, which replaces the iconic mini-square mounted on top of a phone or iPad with a bulkier, standalone chip card-friendly reader. The new Square hardware is compatible with Apple Pay and Android Pay as well, and will be rolling out to customers this week.

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