12:30 PM EST - Glance Technologies Inc. : Announced a milestone for its fraud prevention technology: since Glance integrated the current version of its fraud prevention technology into the Glance Pay App 8 months ago, its platform has experienced zero fraud across all of its live locations. In contrast, according to the New York Times, during the initial months after Apple Pay’s launch merchants experienced approximately 6% fraud - in other words, 6% of payments conducted via Apple Pay were fraudulent and the merchants suffered the losses. This inability to stop fraud helps explain why Apple Pay tap transactions are generally capped at maximum of $100, whereas Glance Pay does not have this limitation. Glance Technologies Inc.
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