Replies to post #3314 on Perk Labs Inc (PKLBF)

[valley257]

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.