Glance Agrees to Licence Its Technology to Fobi Pay for $5 Million Dollars
Summary
“By licensing the Glance technology we will be able to offer a closed loop digital media and mobile strategy for our industry partners.”Fobi Pay has the potential to capture data from itemized receipts, combine it with any preexisting online shopping histories, match to social media profiles and attribute the purchases to an individual shopper.“Fobisuite’s agnostic technology platform will allow us to bypass traditional integrations with POS systems to access real time bill and payment information, increasing the value of our systems for merchants and improving our merchant adoption rate,” says Glance CEO Desmond Griffin.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 & interact with merchants.Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially", “will” and similar expressions, or are those, which, by their nature, refer to future events.