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Perk Labs Inc C.PERK

Alternate Symbol(s):  PKLBF

Perk Labs Inc. is a Canada-based company, which specializes in providing a single unified payment interface for complex purchase environments. It provides a single unified payment interface for environments that have multiple retailers processing an array of different transactions, including food and beverage purchases, merchandise sales, ticketing, registrations, donations and even parking. The Company's principal business is mobile apps, payments, and loyalty for large enterprise complex purchasing environments. It provides a custom-branded solution for multi-retailer venues such as stadiums and arenas, university and college campuses, conference centers, festivals, charity events and hotels and resorts. Its solutions provide mobile ordering and payment systems, allowing customers the ability to scan a quick-response (QR) code or near field communication (NFC) sticker to order and pay for a multitude of services and payment types directly from their phone.


CSE:PERK - Post by User

Bullboard Posts
Post by cdogou812on Sep 07, 2017 9:43am
95 Views
Post# 26665544

good mornig---- some news ?

good mornig---- some news ?Glance Pay Announces Its Technology Has Eliminated Fraud Over an 8 Month Period VANCOUVER, British Columbia, Sept. 07, 2017 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (OTCQB:GLNNF), (CSE:GET.CN), (CSE:GET.WT), (FKT:GJT) is proud to announce another 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 Pays 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. Our fraud prevention technology continues to exceed our highest expectations. We believe that our fraud prevention innovations have broad applications for virtually all non-chip & PIN payment scenarios and may be our largest IP asset to date, says Glance CEO Desmond Griffin. Our fraud prevention technology is a core part of the Glance Pay platform and is part of the reason weve been able to sign licensing deals recently totalling $2 million CAD with Cannapay and Active Pay. According to Business News Daily, research shows that credit card fraud is one of the largest threats facing mobile merchants. Nearly 3 in 5 fraudulent transactions were credit card based in 2016, resulting in a growing demand for a mobile app with a strong authentication system to counter the threats of payment compromise and identity fraud. Further, according to the LexisNexis True Cost of Fraud Study, retail fraud continues to rise dramatically as does its cost. The average volume and value of fraudulent transactions have risen sharply from 2015-2016, and the level of fraud as a percentage of revenues also increased from 2015-2016, from 1.32% to 1.47%.
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