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BBVA is one step closer to delivering “invisible” payments. Earlier this year, the bank announced it would be implementing a payment system based on biometric data. A newly developed facial recognition system is being tested by BBVA headquarters employees in Madrid. The facial recognition payment system was developed by Veridas, a JV of BBVA and Das-Nano.
After registering for the program, customers look into camera booths located next to the cash registers, the system recognizes them and automatically charges the customer for the purchase. This new payment system is expected to reduce the time it takes to process an order and sale, making the process more efficient.
At the time, only preset menu items can be paid for using facial recognition. According to a report by BBVA, the bank plans on further developing the system to accept payments for any item on the customers tray, using the camera as a scanner.