VANCOUVER, British Columbia, May 10, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (“Glance”) (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) today announced that it has launched the ability to pay parking violations and tickets via the Glance Pay platform, providing more flexibility and value for Glance Pay users.
This new feature allows users to pay for parking violation tickets at the time of receipt instantly by snapping a picture of the ticket via the Glance Pay app and confirming the amount - thus reducing headaches for consumers and potentially saving them significant money by allowing them to avoid late payment fees and possibly vehicle impound fees. Additionally, Glance is exploring the potential to apply this capability to other violation types and bill payments such as utility and service bills (such as gas, cellular, wireless and cable bills).
A common scenario for consumers today who park in urban areas is to return to their vehicle to find a dreaded $70 parking violation ticket on their windshield. If the ticket is not paid within a limited number of days, the payment amount can increase significantly, sometimes by over $35 or more. Consumers often place the ticket in their glove box and carry on, hoping to remember to pay it sometime in the future. Often the payment options are not convenient. For example, some jurisdictions still require payment for traffic violations to be done by mailing checks or physically at the vendor or city hall. And if a few unpaid parking tickets buildup, consumers' vehicles may be towed and impounded, which is quite inconvenient and costly.
Glance Pay has launched a trial version of its ticket payment capability in Vancouver, B.C. to help solve this problem for consumers - and to potentially save them money and headache surrounding ticket payments. When a user receives a ticket, on the spot they will be able to just snap a picture of the ticket via the Glance Pay app, confirm its amount, and the ticket will be paid.
Parking ticket payments represent a significant source of revenue for municipalities, with some individual parking authorities generating more than $100M annually from parking infraction notices alone.1
"The hassle of paying for parking and traffic tickets is something that we have wanted to solve for some time," says Glance CEO Desmond Griffin, "This is a natural fit for our Glance Pay application and we are excited by the opportunity it presents. We believe there are many more payment scenarios like this which can benefit from our technology to improve convenience for consumers and operators alike."
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1 https://www.toronto.ca/legdocs/mmis/2015/gm/bgrd/backgroundfile-78144.pdf
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, 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 and 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 has also recently purchased an end-to-end blockchain solution and is working on a rewards-based cryptocurrency intended to be integrated into the Glance Pay app.
More information about Glance can be found at www.glance.tech.
For further information:
David Jan
Investor Relations
1-866-258-1249
investors@glancepay.com
Paola Ashton
VP Business Development
604-839-0337
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.
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