Subject: NEW PRODUCTS/SERVICES
Glance Technologies Previews New Glance PayMetm Features Including QR Code Payments
VANCOUVER, British Columbia, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. ("Glance" or the "Company") (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) today announced some of the new features built into its upcoming downloadable Glance PayMetm application that will help merchants transact more quickly and conveniently.
The new features will allow merchants to accept payments from Glance Pay users via:
- Quick Response ("QR") Code
- Bluetooth (automatically detecting nearby payments)
- Digital Invoice
QR Code and Bluetooth payments will provide merchants with extraordinarily fast, convenient and secure payment options from in-person customers, while digital invoicing will enable merchants to keep digital records and accept payments from both in-person and remote customers.
These payment options will be offered in addition to Glance's revolutionary payment by photo capability, which give merchants an unparalleled suite of payment options, as well as Glance's full suite of features, including powerful anti-fraud technology and a robust loyalty rewards program.
"We have not seen any other products in the market with such a broad suite of payment options, which we believe, along with our rewards platform, is a powerful combination," said Desmond Griffin, CEO of Glance Technologies. "We are very excited about the potential of these enhancements to Glance PayMeTM, and we note that QR Code payments in particular have had enormous success in China."
In China, popular mobile applications such as Alipay and WeChat, which feature the ability to pay by QR Code, have revolutionized commerce. According to the Wall Street Journal, the volume of mobile payment transactions in China were in excess of $9 trillion in 2017.1
Glance also notes that Apple recently announced three new iPhone models that support Face ID facial recognition, which will increase security while improving convenience for payment applications such as Glance - helping to accelerate the transition from legacy plastic cards to mobile applications for payments.
Desmond Griffin will be discussing recent trends in payment technology and Glance's mobile payments platforms, including Glance PayMeTM, this week at The MoneyShow in Toronto and the Global Chinese Financial Forum in Markham, Ont. For further information, see our previous press release here:
Glance will be providing further updates on Glance PayMetm, as well as other exciting innovations the Company has been developing, throughout the remainder of 2018.
To learn more about the cutting-edge convenience and advantages of Glance PayMetm, visit GlancePayMe.com.
About Glance Technologies Inc.
Glance owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance offers targeted in-app marketing, geo-targeted digital coupons, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in iOS (Apple) and Android formats, merchant manager apps, a large-scale technology hosting environment with sophisticated anti-fraud technology and lightning-fast payment processing. Glance has also recently purchased a blockchain solution and is working on a rewards-based cryptocurrency, the whitepaper for which can be found on the company's website.
For more information about Glance, please go to www.glance.tech.
For more information, contact:
Paola Ashton
VP Business Development
604-839-0337
[email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "may", "believe", "thinks", "expect", "exploring", "expand", "could", "anticipate", "intend", "estimate", "plan", "pursue", "potentially", "projected", "should", "will" and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of Glance's business strategies and its expectations concerning future operations (including advancing its technological roadmap), and the expectation that Glance will accelerate growth and scale. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among other things, the success of Glance PayMe beta testing, risks related to launching Glance PayMe, and risks related to viral adoption of Glance PayMe. The forward-looking information in this press release is also based on certain estimates, forecasts and projections, as well as expectations, beliefs and assumptions, including, among other things, that Glance will be able to achieve its business objectives, that Glance will be able to develop proprietary software to implement its plans, and that Glance will be successful in obtaining and retaining clients and licensees for its software. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements in this press release, see the section entitled "Risk Factors" in the most recent Annual Information Form and Prospectus of Glance, which may be accessed through Glance's profile on SEDAR at www.sedar.com. Glance cautions investors that any forward-looking information provided by Glance is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
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1 Abkowitz, Alyssa. "The Cashless Society Has Arrived? Only It's in China." The Wall Street Journal. Jan. 4, 2018. https://www.wsj.com/articles/chinas-mobile-payment-boom-changes-how-people-shop-borrow-even-panhandle-1515000570
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