VANCOUVER, B.C., Nov. 08, 2018 (GLOBE NEWSWIRE) — Glance Technologies Inc. (“Glance” or the “Company”) (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) is pleased to announce it has officially launched Glance PayMe™, providing merchants with an unparalleled suite of payment options, including powerful anti-fraud technology and a robust loyalty rewards program — all managed via the merchant’s own mobile device without the need of any extra hardware.
Available now to businesses, entrepreneurs and freelancers across North America, merchants across all industry verticals can get started with Glance PayMe™ immediately with a free download and a fast, easy setup using their iOS device of choice, enabling them to accept payments from Glance Pay users via:
- Quick Response (“QR”) Code
- Bluetooth (automatically detecting nearby payments)
- Digital Invoices
- Pay by Photo
QR Code and Bluetooth payments provide merchants with extraordinarily fast, convenient and secure payment options from in-person customers, while digital invoicing enables 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, giving merchants an unmatched set of payment options, as well as Glance’s full array of features, including next-business day deposits, powerful anti-fraud technology, and a robust loyalty rewards program
Concurrently, the Company is launching a concerted digital marketing campaign across North America to promote Glance PayMe™ to merchants, freelancers and entrepreneurs, highlighting features including the app’s full set of flexible methods to get paid on the spot, its built-in loyalty and rewards program, and its success in fighting fraud and chargebacks with Glance’s signature security technology. According to the report “Freelancing in America: 2017” from Upwork, it is estimated that 57.3 million of Americans are freelancing (36 percent of the U.S. workforce) and contribute approximately $1.4 trillion annually to the economy, an increase of almost 30% since the previous year.
“We are proud to be providing the next step in the evolution of payment and reward systems, eliminating the need for clunky custom hardware like chip and PIN machines or outdated Point-of-Sale solutions thanks to our proven anti-fraud technology and versatile payment methods,” says Desmond Griffin, CEO of Glance Technologies. “We are excited about the potential of a mobile POS system running solely on a user’s existing mobile device.”
“A significant emerging sector of the economy is made up of freelancers and small businesses, and their payment needs, until now, have not been met,” says Sascha Williams, Glance Technologies COO. “The ability of Glance PayMe™ to deliver secure, low-fee processing for merchants without long delays in getting paid, makes Glance PayMe a mobile POS solution with wide appeal.”
Following a period of successful beta testing, the Company has been receiving positive responses from users commenting on fast payments, next-day deposits of received funds and hearing first-hand how Glance PayMe™ fits their needs.
Glance notes that in China, popular mobile applications such as Alipay and WeChat, which support the ability to pay by QR Code like Glance PayMe™, have revolutionized commerce and mobile payment is now the predominant form of payment in China.1
To learn more about Glance PayMe™ or to try it out for your business, visit www.glancepayme.com.
About Glance Technologies Inc.
Glance owns and operates Glance Pay & Glance PayMe™, 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 is working on a rewards-based cryptocurrency.
For more information about Glance, please go to www.glance.tech.
For more information, contact:
Paola Ashton
VP Business Development
(833) 338-0299
investors@glancepay.com
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, the potential of mobile POS system running solely on a user’s existing mobile device, and the expectation that Glance will accelerate growth and scale, the wide appeal of Glance PayMe™, and the increased adoption of our platform by freelancers. 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, Glance’s ability to launch a concerted digital marketing campaign to promote Glance PayMe™ to merchants, freelancers and entrepreneurs, the effectiveness of Glance’s go-to-market capability in selling Glance PayMe™, risks that Glance’s software and applications may contain security problems, security vulnerabilities, or defects in design or manufacture, including “bugs” and other problems that could interfere with the intended operation of Glance PayMe™, risks related to the volatility of customer demand for Glance PayMe™, our ability to scale and update Glance PayMe™ to respond to customers’ needs and demands, and the possibility that the expected benefits from the launch of Glance PayMe™ will not be realized. 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 implement its plans, and that Glance PayMe will operate as intended. 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.
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