New York - Visa is upgrading its software to process chip-embedded credit and debit cards to function faster — addressing a source of grumbling from businesses and customers who are often forced to wait for transactions to go through.

The company said Tuesday that its program — Quick Chip for EMV — will let customers dip and remove cards, usually in two seconds or less, without waiting for purchases to be finalized.

Though the wait can be just seconds, in today’s economy of swipes and scans, the cards have been a nuisance for high traffic retailers, for example, a coffee shop during the morning rush.

“While chip cards have been adopted and generally accepted by customers, there have been some complaints the chip transactions take longer,” said Stephanie Ericksen, vice president of risk products at Visa.... Read More: VIN