I use a plain 'ol chisel the size of my mortise.
Don't forget that if you don't want to chop the mortise square you can always round off the corners of the tenon to match the hole and get just as secure a joint. Specially useful in extra hard wood that doesn't want to graciously allow squaring off a mortise. A chisel +/- a rasp will do that nicely.
Consider using a hardwood dowel as a pin both for strength and as a decorative feature. I use contrasting color dowels all the time. People notice and it sets a piece off from the mass produced items.