If this can always process chip cards that quickly, I'm very impressed. Usually it's at least 10 seconds, just standing there staring at the card reader, waiting.
I use their current (now prior, I guess) chip reader, and it completes the transaction within just a second or two. Most of my customers are surprised it's so fast, compared to other chip reading registers around town.
That could be because I'm using a cellular internet conneciton however. My town's cable internet is notoriously throttled.
Doesn't it depend on the speed of Internet connection?
Here in Canada, chip terminals often show 'PIN OK' - meaning that the local part of the transaction has been completed - within 1 second but then need 10+ seconds to communicate back to the payment processor.
The average time to complete a scheme card transaction is sub 4 seconds on a lowish-latency network. Any extra time is due to the implementation on the merchant side.
That could be because I'm using a cellular internet conneciton however. My town's cable internet is notoriously throttled.