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A comment on Home Depot Files Antitrust Lawsuit Against Visa, MasterCard. Parent comment

Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard by germanier on Friday June 17, 2016 @11:37AM (#11923259)
That's not inherent in the chip technology. Terminals in Sweden do the same processing with the same cards faster than you can blink. They also allow you to insert the card and enter the PIN while items are still being scanned. You just need to confirm the total amount and can directly take your card without waiting.

The chip also enables contactless transactions which is even faster.

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Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard by knz on Friday June 17, 2016 @01:43PM (#11924201)
New Zealand is the same. Processing is almost instant. It's infuriatingly slow in the US.
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Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard by lostlogin on Friday June 17, 2016 @03:39PM (#11925072)
Top tip. If you damage your magnetic strip but the chip is fine, don't go to the Coromandel without another payment method. They don't have chip readers there.
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Re:Home Depot Files Antitrust Lawsuit Against Visa, MasterCard by sp332 on Friday June 17, 2016 @02:37PM (#11924610)
I think it depends on the particular POS system. I'm in the US, and some stores let you swipe while your things are being rung up and others make you wait until the end. I also haven't had to wait a long time for my chip to work, but I haven't used it much.
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