NEW YORK, September 28, 2018 /PRNewswire via COMTEX/ — NEW YORK, September 28, 2018 /PRNewswire/ —
Data aggregate by Allied Bazaar Analysis has adumbrated that the adaptable acquittal bazaar was admired at USD 601 Billion in 2016 and is accepted to hit USD 4,574 Billon by 2023. Adaptable payments accommodate barter an accessible and acceptable arcade acquaintance with the admonition of accretion assimilation of smartphones and growing e-commerce industry. Based on the approach of transaction, the bazaar is anecdotal into abbreviate bulletin account (SMS), near-field admonition and wireless appliance agreement (WAP). The SMS articulation bedeviled the adaptable acquittal industry in 2016 and is advancing to abound at a amount of 33.5% during the anticipation period. Glance Technologies Inc. GLNNF, 6.98% Square, Inc. SQ, 1.07% Mastercard Incorporated MA, 0.13% Visa Inc. V, 0.05% All-around Payments Inc. GPN, 0.54% The address additionally indicates that the Asia-Pacific adaptable acquittal industry articulation generated the accomplished acquirement in the bazaar in 2016 and is accepted to abound at the fastest amount during the anticipation period. Kalyani Sonawane, Analysis Analyst, ICT & Media at AMR, said: “The adaptable acquittal bazaar is in its ability appearance and is accepted to abound at a CAGR of 33.8% during the anticipation period. Increase is assimilation of smartphones, advance in m-commerce industry, and acceleration in [sic] accepting of adaptable acquittal in arising economies drive the advance of the adaptable acquittal market.”
Glance Technologies Inc. (otcqb:GLNNF) is additionally listed on the Canadian Antithesis Exchange beneath the ticker (cse:GET). Yesterday, the Aggregation provided a, “corporate amend on its contempo activities including broker outreach, technology development, sales and marketing, and costs and controls.
Investor Beat – Glance’s CEO, Desmond Griffin, afresh presented at three broker conferences: the MoneyShow in Toronto, ON, the All-around Chinese Banking Forum in Markham, ON, and the Extraordinary Approaching appointment in Vancouver, BC. The presentations at the conferences were well-received and the conferences provided accomplished forums for the Aggregation to anon collaborate with institutional investors, advance advisors, alone shareholders and abeyant partners. We accustomed absolute acknowledgment from the advance association and absorption from abeyant cardinal partners. These contest gave us the befalling to acquire to our shareholders and apprehend their requests for added common updates on the Company, accurately on our sales and business plans, as able-bodied as advance on technology development.
We accustomed several inquiries from shareholders apropos the absolution from escrow of assertive shares of the Aggregation in aboriginal September, including shares endemic anon and alongside by the co-founders of the Company. While the Aggregation has no admission to trading action of its shareholders added than what is about appear by insiders, Glance can affirm that cabal filings appearance that Desmond Griffin is now the alone actor that holds 10% or added of the shares of the Aggregation and that Mr. Griffin has not awash shares in the Aggregation in the accomplished 10 months.
We additionally listened to actor apropos apropos rumours and credible apocryphal admonition on internet babble boards. While the Aggregation has a action not to animadversion on rumours or speculation, we do admonish shareholders that they should alone assurance admonition apropos the Aggregation that is accustomed through our official columnist releases and acknowledgment channels. With commendations to advancing and approaching broker relations activities, we currently acquire a video airing on BNN Bloomberg (which can be apparent at this link) and we will anon be auspicious our Glance.Tech website to accomplish it added investor-friendly. Mr. Griffin will additionally be presenting at the 19th Annual All-around Chinese Banking Forum Appointment in Vancouver on October 13, 2018. Added capacity on this appointment will be provided at a after date.
Technology Development – The Aggregation afresh appear artefact testing for its accessible absolution of the Glance PayMe [TM] application, a downloadable merchant app, has commenced and a cardinal of merchants acquire active on for beta testing. We are acutely admiring with the advance we are authoritative on Glance PayMe [TM] and actual aflame about the new acquittal capabilities such as pay by QR Code, Bluetooth (automatically audition adjacent payments), and agenda antithesis (for added admonition apropos Glance PayMe [TM] see this link). Glance continues to assignment appear the ambition of activity to bazaar with Glance PayMe [TM] within the present budgetary quarter. We are additionally aflame about added new appearance that our development aggregation has been alive on such as Pull the Bill, Order from Table, and Pay with Bitcoin, which we additionally plan to roll-out this budgetary quarter. We abide to assignment on affiliation of Glance Coin into our Glance Pay and Glance PayMe [TM] platforms.
Sales & Business – Sales and business efforts acquire been gearing up as we adapt for the roll-out of Glance PayMe [TM] and new appearance such as Pull the Bill, Order from Table, and Pay with Bitcoin. We afresh assassin new chief sales assembly in Vancouver and Toronto. Our sales aggregation is focused on signing up ample restaurant chains and high-volume active burghal restaurants concentrated in specific neighbourhoods that are frequently visited by consumers that fit the contour of our ambition bazaar for users, which includes Millennials and Gen Z. Our business affairs are focused on architecture cast awareness, accretion the cardinal of user downloads of Glance Pay and the barrage of Glance PayMe [TM] . Coinciding with the barrage of Glance PayMe [TM] , Glance will ambition baby to average sized businesses including segments in the rapidly growing freelance or “gig” economy. Shareholders can apprehend to see added business and advance of Glance to merchants and users through agenda advertising, amusing media, influencers such as celebrity chefs and aliment bloggers, and acceptable media such as alteration ads and radio.
Costs and Controls – As ahead disclosed, administration has been in the action of reviewing and prioritizing its expenditures to advance efficiency. Significant changes acquire already been implemented to bigger advance its banknote assets activity forward. Specifically, the Aggregation has bargain costs accompanying to alien admiral and restructured our aggregation to focus on the amount technologies of Glance PayMeTM, Pull the Bill, Order from Table, and Glance Coin.
We acknowledge our shareholders for their encouragement, backbone and abiding angle on our Company. We abide assured and aflame about the amazing befalling in avant-garde of us as the anarchy in adaptable payments and blockchain unfolds. Glance will be accouterment added updates on the agitative innovations it has in development throughout the of 2018.”
Square, Inc. SQ, 1.07% creates accoutrement that admonition sellers start, run, and abound their businesses. Square enables sellers to acquire agenda payments and additionally provides advertisement and ytics, next-day settlement, and chargeback protection. Square, Inc. is all about speed, and afresh the Aggregation appear that it has delivered on its affiance of authoritative EMV affairs alike faster for business owners and buyers in the U.S. Sellers can now action dent cards in aloof two abnormal on Square Clairvoyant for contactless and dent and Square Register. “Since dent cards accustomed in the U.S., we acquire focused on authoritative our dent clairvoyant fast for our sellers, and three abnormal or added wasn’t quick enough,” said Jesse Dorogusker, Head of Hardware at Square. “Taking an EMV acquittal in as little as two abnormal helps acceleration up the band for our sellers, gives time aback to their customers, and reduces in-store artifice in the U.S. Square sellers don’t charge to accommodation achievement to acquire the allowances of newer, added defended technology like EMV.”
Mastercard Incorporated MA, 0.13% is a technology aggregation in the all-around payments industry. Accelya, the arch provider of financial, bartering and ytics solutions to the airline and biking industry, afresh appear that it is partnering with Mastercard Acquittal Aperture Casework to barrage the Accelya Acquittal Gateway, a belvedere that offers all-around acquittal accepting beyond a all-inclusive arrangement of acquittal methods. Mastercard Acquittal Aperture Casework provides avant-garde acquittal processing and artifice blockage technology to merchants, technology ally and acquirers. The Accelya Acquittal Aperture combines this ability of Mastercard Acquittal Aperture Casework with Accelya’s airline ability to actualize a absolutely scalable and reliable acquittal aperture that additionally keeps clip with arising technologies like e-wallets and alternating forms of payment. Speaking on the occasion, Davide Messina, Chief Vice President, Acquittal Aperture Services, Europe, Mastercard Acquittal Aperture Services, said, “Mastercard Acquittal Aperture Casework leverages a all-around basement to accommodate reliable, safe and defended processing solutions for added than 3 billion affairs annually. By bringing calm Mastercard’s all-around aperture and avant-garde agenda solutions with Accelya’s acquaintance and compassionate of the airline industry, airline barter now acquire a one-stop acquittal solution.”
Visa Inc. V, 0.05% is the world’s baton in agenda payments. Recently, Visa appear a new accord with New York Fashion Week: The Shows that will acquiesce consumers to acquaintance new means to pay, including borer to pay with contactless cards and devices, throughout the on-site acquaintance at NFYW this September. This accord serves as a belvedere to highlight the speed, accessibility and aegis of contactless payments aural an avant-garde retail environment. As the Official Acquittal Technology Partner of NYFW: The Shows, Visa’s on-site activation will accommodate the aboriginal anytime contactless-enabled retail acquaintance at The Shows, accessible alone to consumers in attendance. This gives Visa an aberrant befalling to advertise contactless payments via on-site retail automat machines. “We are consistently exploring advocacy opportunities to admonition us alter our cast and ability new audiences, while carrying adventures that drive business priorities,” said Mary Ann Reilly, Chief Vice President, North America Marketing, Visa. “We are aflame to assignment carefully with this acreage to accompany our eyes for a contactless payments approaching to life.”
All-around Payments Inc. GPN, 0.54% is a arch common provider of acquittal technology and software solutions carrying avant-garde casework to its chump needs globally. All-around Payments Inc. afresh appear that Heartland, its U.S. payments and amount business, has partnered with Ingenico Group to bear an avant-garde terminal to enhance the chump acquittal experience. This alms joins Heartland’s technology and software with Ingenico Group’s Desk/3500 terminal, the aboriginal of its Telium Tetra solutions anew certified in the U.S., and is advised accurately to accommodated the needs of SMB customers. The band-aid offers a seamless and added acquittal acquaintance for barter and is PCI PTS 4.x certified, beyond the industry accepted for transaction accessories from the Acquittal Agenda Industry Aegis Standards Council. The accessory provides barter with an automatic applications agenda and bunched design, authoritative it accessible to handle while accouterment a baby footprint. A aboriginal for the Company’s U.S. business, Heartland has developed the absoluteness of the software solutions in the acute terminal, including APIs and end-to-end encryption abutment to ensure that chump transaction abstracts is consistently protected. Heartland stands abaft the agenda abstracts encryption technology on the Desk/3500 with the Heartland SecureTM Breach Warranty. Tony Capucille, President, All-around Payments US. Payments and Amount business said, “We apperceive that convalescent the chump acquaintance at the point of auction is an important cold for SMBs. As approved by actuality the aboriginal to bazaar with Desk/3500, Heartland has the best solutions accessible to SMBs to actualize abiding chump experiences.”
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