Mr. Desmond Griffin reports

GLANCE SUBMITS PROVISIONAL PATENT FOR E-COMMERCE SECURITY VIA GLANCE PAY ANYWHERE

Glance Technologies Inc. has filed a provisional patent with the U.S. Patent and Trademark Office for its latest invention which allows orders and payments initiated from traditional websites on any platform to be secured through mobile devices utilizing Glance's robust anti-fraud technology. This advancement enables lower fraud for merchants and more security for consumers, while allowing the convenience of ordering and initiating transactions from the Web from desktop computers or any other connected device.

This will be the third patent application filed by Glance in a series of applications designed to protect Glance's proprietary mobile payment system technology, including its anti-fraud technology. The patent application, once converted into an international Patent Cooperation Treaty (PCT) application and pursued in key jurisdictions throughout the world, is designed to provide significant commercial protection for Glance's technologies. Glance anticipates that it will continue to file additional patent applications as it continues to develop its innovative technology.

According to Chargeback, e-commerce lost nearly $7-billion to chargebacks in 2016. By 2020, e-commerce chargeback losses are expected to balloon to $31-billion. Card not present (CNP) accounts for 60 per cent to 70 per cent of all card fraud in many developed countries. Merchants in the United States are overwhelmingly targeted by fraudsters. In September, 2014, the United States experienced 52 per cent of total attack volume, with the United Kingdom, China and the Netherlands experiencing 9 per cent, 8 per cent and 6 per cent of attack volume, respectively.

Mobile devices offer a much broader array of security technology compared with desktops or laptops, creating a far superior security method of payment. As mobile devices continue their rapid technological advancement, new mobile technologies can be utilized to help even further secure transactions.

"With the ever-increasing rate of e-commerce fraud, we believe on-line merchants will prefer a more secure transaction. Most customers ordering on-line via their desktop or laptop already have their smart phone sitting right next to them, allowing them to verify, secure and transmit payments -- all from Glance Pay. We are taking advantage of the incredible array of technology on mobile devices and our own proprietary anti-fraud technology to help solve the problem of on-line payment fraud," said Desmond Griffin, chief executive officer of Glance. "Mobile payments are the future for Internet payment security, and, with our incredible anti-fraud track record and recent provisional patent filing, we believe we are well positioned for this future."

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smart phone users choose where to dine, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards, and interact with merchants.

In the long term, Glance Pay intends to offer multiple payment channels in cryptocurrency and is reviewing with its senior development team to determine how cryptocurrency and blockchain may be used to strengthen security features and to broaden the utility of the payment system.

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