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Tuesday, 10 July 2018 00:00

BBVA Unveils 'Selfie' Payments System

In an initiative to increase its technological prowess, multinational Spanish banking group BBVA has decided to combine its i4S and Beeva business units to create an entity known as BBVA Next Technologies.

According to a company press release, the 1200 workers assigned to the new business will focus on a multitude of areas, including artificial intelligence (AI), blockchain, and cloud computing.

One new feature the company is touting is its facial recognition technology, recently unveiled as a facial recognition payment system.

Here's how it works: Customers visiting the bank’s eateries need only smile in the direction of a camera located near the cash registers (they can also look without a smile, if that's how they're feeling at the moment). Then, assuming they've registered for the service, the system determines their identity and automatically sends them a bill for the items purchased.

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