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Four Japanese firms will jointly develop a payment system using facial recognition technology that will allow customers to make deposits and withdrawals at banks and shop at stores without presenting anything if they register their facial images in advance.

While the registration of facial images would require the consent of customers, many people may hesitate to provide their image data due to privacy concerns. How to ensure the security of the planned system will be key to its widespread use. The four companies plan to develop a system under which facial image data will be stored on a server that cannot be accessed from the outside. Resona will manage the system.