Today Square released an all new card reader that is 45-percent thinner, and is said to be much more reliable than the original. The new card reader has been designed with custom-built components this time around instead of employing the use of off-the-shelf parts used in the original.
The redesign using custom parts results in a much more reliable, and compact unit, and allows Square to have more control over the hardware and quality control. The old card reader featured technology that was designed back in the 1980s, and was comprised of more than 30 parts and wires. With the new design, square has removed almost all of these components and replaced them with a single chip that handles most of the functionality.
Users can expect a more consistent 1-swipe experience, but Square does not expect the new card reader to significantly impact their business. Square says that anyone signing up for an account after today will receive the new reader, and the company will fully phase out the old reader by the first quarter of 2014.