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Re: JohnCM post# 3314

Sunday, 01/07/2018 11:55:46 AM

Sunday, January 07, 2018 11:55:46 AM

Post# of 7538
Hi JohnCM... GlancePay will charge the merchant a “competitive” processing fee, most likely lower than CC fees, and probably similar to the fees Square (and their out-dated technology) charges. The G Token rewards is the kicker, and if your CC offers reward points for spending (my Citi & Chase do), one could actually earn a double reward (CC + G Token). This will be unique. As I recall, merchants earn G Tokens also, and add in the security of GPay (zero reported fraud) with the benefit of turning a few more tables each night, what’s not to like for either customers/ merchants? I am curious as to the biometric ID technology that G acquired from ztudium, and if/how it could be incorporated into GPay... facial recognition/ fingerprint? I am hoping the white paper answers many questions we have. Davos presentation is two weeks away.