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FinancialBuzz.com Annual Commentary
NEW YORK, September 13, 2018 /PRNewswire/ —
According to a new address appear by Transparency Bazaar Research, the all-around adaptable acquittal technologies bazaar was admired at USD 2,943.58 Billion in 2017 and is accepted to abound at a admixture anniversary advance amount (CAGR) of 37.8% from 2018 to 2026. Adaptable acquittal technology allows barter to accomplish actual payments through carriageable cyberbanking accessories such as smartphones, tablets and smarches. The address adumbrated that the growing acceptance of smartphones beyond arising economies as able-bodied as avant-garde technologies such as a acreage admonition (NFC) and point of auction (m-POS) are accepted to drive the advance of adaptable acquittal technology market. Glance Technologies Inc. (OTC: GLNNF), Coffer of America Corporation (NYSE: BAC), Square, Inc. (NYSE: SQ), First Data Corporation (NYSE: FDC), Fiserv, Inc. (NASDAQ: FISV)
Based on type, the adaptable acquittal bazaar can be anecdotal into adjacency acquittal and alien payment. Increasing use of adaptable payments in online arcade drives the advance of the alien acquittal segment. Based on end-use industry, the bazaar is disconnected into accommodation and tourism sector, BFSI, media and entertainment, retail sector, healthcare, education, IT & Telecommunication and others. The retail area is accepted to abound at the fastest amount during the anticipation year. Asia Pacific is accepted to authority added than 50% of the all-around bazaar in 2026, followed by North America.
Glance Technologies Inc. (OTCQB: GLNNF) is additionally listed on the Canadian Antithesis Exchange beneath the ticker (CSE: GET). Recently, the Aggregation appear breaking annual that, “its Glance Pay & Glance PayMe™ adaptable payments platforms now absolutely accommodate with 15 of the arch restaurant & merchant Point of Auction systems, including Oracle MICROS, NCR Aloha POS, and Squirrel POS.
Adding integrations to this advanced an arrangement of Point of Auction systems now enables Glance to anon affix to added than an estimated 500,000 altered POS installations in North America.
POS integrations acquiesce Glance to accelerate and retrieve admonition anon to the POS, removing chiral accomplish and aperture up new opportunities for Glance’s technology such as auto-closing bills, affairs bills electronically, and auto-inserting orders.
“Creating integrations with such a advanced ambit of POS systems is addition footfall advanced in authoritative Glance Pay the adaptable payments belvedere of best for a advanced ambit of businesses,” says Glance Technologies CEO Desmond Griffin. “Integrations are decidedly important for beyond chains which makes this a cogent development for us.”
Some of the added acclaimed POS systems that Glance can now accommodate with include:
By authoritative it faster and easier for merchants and restaurants to dness payments, Glance Pay is giving restaurant and merchant agents both added time to admonition assemblage and acceleration turnover, and added accord of apperception that annihilation was missed, no amount how alive the area is.”
About Glance Technologies Inc. – Glance owns and operates Glance Pay, a automated acquittal arrangement that revolutionizes how acute buzz users acquire area to shop, adjustment appurtenances and services, accomplish payments, admission agenda receipts, redeem agenda deals, acquire abundant rewards, and collaborate with merchants.”
Bank of America Corporation (NYSE: BAC) is one of the world’s arch cyberbanking institutions, confined alone consumers, baby and middle-market businesses and ample corporations with a abounding ambit of banking, investing, asset administration and added cyberbanking and accident administration accessories and services. Coffer of America appear beforehand this year that its barter can now seamlessly add assorted acclaim and debit cards to their PayPal annual anon from the bank’s adaptable cyberbanking app, authoritative it alike easier to boutique how, area and aback barter choose. This marks the antecedent affiliation from the affiliation that was appear in July 2017. Later this year, barter will additionally be able to add their cards seamlessly aural the PayPal experience. These initiatives are allotment of Coffer of America’s advancing charge to bear avant-garde acquittal solutions and best to the bank’s added than 24 actor alive adaptable users. “It’s all about accouterment our barter the best acceptable and defended payments acquaintance possible,” said Mark Monaco, Head of Enterprise Payments at Coffer of America. “As the face of money continues to become added digital, Coffer of America charcoal committed to giving our barter the adeptness to use any above wallet or acquittal adjustment they choose, including PayPal.”
Square, Inc. (NYSE: SQ) creates accoutrement that admonition sellers start, run, and abound their businesses. Square, Inc. afresh appear 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.”
First Data Corporation (NYSE: FDC) is a all-around baton in commerce-enabling technology, confined about six actor business locations and 4,000 cyberbanking institutions in added than 100 countries about the world. First Data afresh appear an affiliation with the Ellie Mae® (NYSE: ELLI) Encompass Customer Connect™ lending platform. Together, the two companies will accommodate defended payments technology to action mortgage and appraisement fees, acceptance Ellie Mae barter to acquire acquittal for all costs accompanying to the lending process-including accommodation origination, processing, underwriting, and acclaim reports. “First Data is captivated to bear our fast, simple and defended acquittal technology to the banks, acclaim unions, and mortgage lending companies Ellie Mae serves,” said Jeff Shanahan, Executive Vice President, Head of CardConnect at First Data. “Our accord will accredit Ellie Mae to bear a simple and defended band-aid for its audience and added added customer assurance for lenders.”
Fiserv, Inc. (NASDAQ: FISV) enables audience common to actualize and bear cyberbanking casework adventures in footfall with the way bodies alive and assignment today. Fiserv, Inc. afresh appear its debit aperture band-aid will accredit US Alliance Group, Inc. (USAG) to action added processing capabilities, as able-bodied as greater scalability for USAG to abound its Acquittal Processing business. USAG is a arch acquittal processor, accouterment transaction-processing capabilities to added than 30,000 retailers, including point-of-sale (POS), ATM, agenda not present and Accel® debit payments arrangement signature debit (ANP ) through its sponsor and adjustment coffer Evolve Coffer & Trust. “Forward-looking merchants of all sizes await on USAG for its industry-leading transaction processing capabilities,” said David Keenan, SVP, Product Management, Agenda Services, Fiserv. “We are admiring to admonition USAG augment those capabilities through diverse, avant-garde solutions such as debit signature routing, defended e-commerce processing, least-cost routing, and CardFree Cash.”
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