12.04.2017 14:25:00
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Advancements In Mobile Payment Technologies Leading Multi-Billion Dollar Sector to Exponential Growth
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.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated four thousand nine hundred dollars for news coverage of the current press release issued by Glance Technologies Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
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Aktien in diesem Artikel
Apple Inc. | 245,00 | 0,62% | |
Block (ex Square) | 85,50 | -0,35% | |
PayPal Inc | 83,18 | -1,08% | |
The Western Union Company Shs | 10,13 | -2,05% |