The Center for American Progress reports
In April, Dan Price, CEO of the credit card payment processor Gravity Payments, announced that he will eventually raise minimum pay for all employees to at least $70,000 a year.
[...]Six months later, the financial results are starting to come in: Price told Inc. Magazine that revenue is now growing at double the rate before the raises began and profits have also doubled since then.
On top of that, while it lost a few customers in the kerfuffle, the company's customer retention rate rose from 91 to 95 percent, and only two employees quit. Two weeks after he made the initial announcement, the company was flooded with 4,500 resumes and new customer inquiries jumped from 30 a month to 2,000 a month.
Previous: Gravity Payments: CEO Takes Cut and Makes $70k/year New Minimum Salary
All Staff Pay Raise Backfires on Credit Card Processing Firm
(Score: 1) by pinchy on Tuesday October 27 2015, @11:57PM
With the payment backends I deal with, the time for an EMV transaction to get authorized is the same as the card mag stripe swipe. These dont support contactless so you have to leave the card inserted until the approval comes back which can make the wait time a lot more apparent.
But the implementation quality of course can vary wildly. Its gonna be a while before they get the bugs hammered out of the ones that got certified by the skin of there teeth.