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May 28, 2019

On the wires

BBVA Builds a Global Payment Platform for the Future


“BBVA Group has developed a platform to facilitate mobile payments across all the countries in its footprint. The platform developed by BBVA connects to Visa and Mastercard directly from each country’s application and provides the data required to process digital transactions from a smartphone.”

June 25, 2018

On the web

BBVA Launches Facial Recognition Payments


“In the latest development, testing has begun on a facial recognition system based on technology from the start-up Veridas, a joint venture of BBVA and Das-Nano in 2017. Guillermo Sánchez, who heads the project for BBVA’s global payments team, says: “It’s fast, secure, and will fundamentally change the ways people pay for goods and services – literally taking things at face value.” Customers in the bank’s restaurants have to smile (“or not, depending on their mood”) at a camera booth next to the cash registers, and provided they have registered, the system identifies them and automatically bills the customer for the purchase.”

March 27, 2018

On the wires

BBVA Compass launches new BBVA Compass Rewards Card

“Available today, the new credit card offers rewards to customers for every purchase they make, with no cap on earnings, and boasts an easy to understand rewards structure that earns 1.5 percent in rewards for every $1 spent across all categories, and the ability to garner 2 percent in rewards with a qualifying bank relationship. When combined with BBVA Wallet, the bank’s proprietary wallet app, customers can take advantage of instant reward redemption – even at the point of sale – and manage their card’s security, all with the tap of a screen.”