Now a days mobile payments system is increasing rapidly, if its credit card readers fail, potential customers are less likely to continue using it.
One of the most common failure points for the current reader, which plugs into a smart phone's headphone jack, is its internal complexity: a system of dozens of small parts, including wires, a spring, and more. Today, the company unveiled a new version of the reader that does away with many of those parts and which is designed to significantly reduce the chances of dysfunction.
The new reader was designed from the ground up to be thinner and simpler, explained Square's head of hardware, Jesse Dorogusker. Indeed, it is 45 percent thinner than the current model, largely because it features a magnetic read head that's half the width of its predecessor.
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