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Comment by happycube | Hacker News Reader

The other problem is that credit cards are set to go to chip-and-PIN in the USA (finally!) later next year. All the current readers won't be useful (at least if you don't want to shoulder the liability!)

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This won't make Square obsolite but would require them to provide new and most likely more expensive reader solutions for POS clients. Europe switched to Chip&PIN but most POS devices are really expensive and in some countries mostly rented to merchants (at least in Finland it's common). iZettle [1] is really similar to Square, but with chip&pin, in Europe and they have faced some scrutiny from Visa [2].

[1] https://www.izettle.com/

[2] http://www.arcticstartup.com/2013/02/20/izettle-solves-the-v...

Got a source on that? Cards with chips are still somewhat rare, so it's going to be a while before they become required...

http://blogs.wsj.com/corporate-intelligence/2014/02/06/octob...

The EMV liability shift will move the liability for non-chip transactions to merchants on Oct 2015.

You will see all your cards get issued with chip in the next year.

Actually, with all the press regarding recent data breaches (e.g. Target) you might see it happening before that. Some Chase and Citi cards are now being issued with chip.

My recently issued citi card has a chip.

"Cards with chips are still somewhat rare"

Do you mean in the States, right? Cards with chips are the default in most european countries...

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