PALM BEACH, Florida, April 12, 2017 /PRNewswire/ --
With mobile payments continuing to become more and more status quo across various countries and economies, focusing on entertainment, pop culture and other marketing avenues, the growth of the sector is showing no signs of slowing down. Innovation for mobile payment technologies continues to advance for companies such as: Western Union Company (NYSE: WU), Glance Technologies Inc., (OTC:GLNNF) (CSE:GET.CN), Payment Data Systems, Inc. (NASDAQ: PYDS), PayPal Holdings, Inc. (NASDAQ: PYPL), Square, Inc. (NYSE: SQ).
Glance Technologies Inc. (OTCQB:GLNNF) (CSE:GET.CN), is pleased to announce the launch of 'Glance Pay Anywhere', a new technology which enables Glance Pay merchant partners to send bills to customers anywhere, and securely receive remote payments from anywhere via the Glance Pay App. Glance Pay Anywhere can be used by virtually any merchant or service provider such as restaurants, retail stores, private and health clubs, entertainment venues, hotels, law firms, accounting firms, musicians and landlords - making the potential market for this product well north of $600 billion (CAD).
In the restaurant space, 'Glance Pay Anywhere' is perfect for deposit payments for large groups, payments for catering, or payments for large corporate orders - all of which are areas that Glance Pay's restaurant partners have been requesting a solution for. Merchants can quickly and easily send bills and a payment requests via Glance Pay Anywhere. Consumers are instantly notified of the pending payment request and can confirm and pay remotely with one tap of the finger using the Glance Pay app, while still earning great rewards and receiving real time digital receipts. Additionally, consumers no longer have to share their payment details with a variety of merchants in an insecure manner (such as giving payment information out during a phone call), and instead can rely on a much more secure payment environment. Read this and more news for Glance Technologies at: http://marketnewsupdates.com/news/glnnf.html
While this technology will significantly improve Glance's current offering within the $600 billion dollar restaurant industry, the technology is actually a universal payment system with far reaching applications. A wide variety of merchants will benefit from a fast, secure, low cost, anti-fraud payment technology that allows them to instantly send bills and receive payment remotely. Small-to-medium sized business owners currently struggle to deal with the high fraud and high processing rates surrounding phone-based orders. This also eases payment collection when billing for services that are provided remotely or are billed after the fact.
"We believe this new enhancement is highly disruptive and is another example of how we can leverage our existing technology to address new markets by adding unique innovations to our robust platform," says Glance CEO, Desmond Griffin, "We are very excited about the potential of this product and the early response to it." (Continued... See full release by clicking link above)
In other Payment Industry news and market performances:
The Western Union Company (NYSE: WU), a leader in global payment services, last week announced that United States customers using its mobile app can now pay with Apple Pay when sending money transfers originating in the United States, to more than 200 countries and territories worldwide, including domestic bill payments. The capability to pay with Apple Pay (NASDAQ: AAPL) for sending money transfers through the Western Union app in the United Kingdom, is planned for later this year. The Western Union® app with Apple Pay makes transferring money as simple as the touch of a finger with Touch ID.
Payment Data Systems, Inc. (NASDAQ: PYDS) closed up over 45% on Tuesday at $1.85, trading over 4.4 million shares by the market close. Payment Data Systems, an integrated electronic payment solutions provider, recently announced that it has entered into a non-binding Letter of Intent to acquire Singular Payments, LLC ("Singular").
PayPal Holdings, Inc. (NASDAQ: PYPL) closed down slightly on Tuesday at $42.69, trading over 4.5 million shares by the market close. PayPal and TIO Networks Corp, a cloud-based multi-channel bill payment processing and receivables management company, late yesterday announced that, at the special meeting of securityholders of TIO, held on April 10, 2017 (the "Meeting"), securityholders of TIO overwhelmingly voted in favor of a special resolution to approve the proposed transaction, pursuant to which PayPal will indirectly acquire all of the issued and outstanding shares of TIO, by way of a court-approved plan of arrangement.
Square, Inc. (NYSE: SQ) in late March announced that it has launched in the UK, making it easier than ever for millions of small and medium-sized businesses across Britain to take card payments and run their business. The UK marks the fifth country where Square is available, joining existing markets Canada, Japan, Australia and the U.S. Square helps independent traders take card payments and offers competitive and transparent rates, no monthly contracts or hidden fees, and next-day settlement on most transactions.
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