VANCOUVER, British Columbia, March 27, 2017 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (FKT:GJT) (OTCQB:GLNNF), which offers Glance Pay, the trailblazing mobile payment solution for full-service restaurants, announces it has filed a provisional patent for its latest invention, the Glance Pay payment application for quick-serve and fast casual restaurants (including fast food, juice bars and cafés) and has successfully launched its quick-serve payment app at a café in Vancouver, British Columbia.
“We are very excited to be able to offer what we believe is the best mobile payment and rewards app in the quick-serve industry,” says Glance CEO Desmond Griffin, “Our app enables merchants of any size to provide a service, which we believe is superior to similar offerings from major chains such as Starbucks, without having to make large investments in technology, while also leveraging Glance’s rapidly growing consumer base.”
With this invention, a user opens the app at a till, the amount due appears in the app and the user selects the tip and clicks to pay. Management believes the Glance Pay quick-serve payment app is more convenient than the Starbucks app because Glance Pay does not require the user to pre-load a card and because Glance Pay’s payment mechanism does not require scanning of the user’s mobile device. Glance Pay offers advantages over the tap method of payment by creating a network between users and retailers, offering rewards, and providing the support of Glance’s targeted marketing designed to attract more regular customers, increase visits and purchases from regular customers and bring in new customers.
Answering the rising demand for improved expediency and efficiency for consumers at quick-service restaurants, Glance is expanding its mobile applications through vertical growth in the payment technology market, and positioning itself towards partnership opportunities with larger restaurant chains across North America. With the development of a universal quick-serve payment app, Glance is quickly establishing itself as a major player in the growing market for mobile payment technologies and providing a competitive advantage over large chain quick-serve payment applications, such as Starbucks’ mobile app.
Glance is now in talks with several reseller groups to target restaurant and quick-serve chains across Canada. Glance Pay is now live at sit down restaurants in British Columbia, Alberta and Ontario and is currently planning its expansion into the United States.
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, settle restaurant bills, access payment records and interact with restaurants. Glance Pay intends to become the industry standard as one of the four pillars in restaurant payments, beside credit cards, debit cards and cash. Glance is building a valuable network of restaurants and consumers, and offers targeted in app marketing, customer feedback, in restaurant messaging and custom rewards programs for restaurants. Glance Technologies is committed to improving the user experience through continuous creative innovation and new product development.
For more information about Glance, please go to Glance Technology's website , or contact:
Christina Rao Vice President, Investor Relations (604) 723-7480
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 including expansion into the United States (collectively "forward- looking information") within the meaning of applicable securities laws. Forward- looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 information as a result of various factors. The reader is referred to Glance’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com .
