JP Morgan Expands In-Store Biometric Payments

JP Morgan Payments is rolling out in-store biometric payment technology across select pilot merchants in the US through an expanded partnership with California-based facial recognition firm PopID. This technology allows customers to authenticate payments using facial recognition, eliminating the need for physical cards or digital wallets.

Powered by PopID, a subsidiary of Cali Group, the system handles enrollment, while JP Morgan Payments manages payment processing. The solution was first introduced in March last year among brick-and-mortar retailers, with South Florida Motorsports, the organiser of the Formula 1 Crypto.com Miami Grand Prix, being an early adopter. A proof of concept showed a 100% transaction authentication rate, with processing times under a second.

One of the latest to implement this technology is US restaurant chain Whataburger, which will enhance its existing biometric payment system with JP Morgan Payments’ processing capabilities.

Jean-Marc Thienpont, MD of Omnichannel and Biometric Solutions at JP Morgan Payments, described the expansion as “a giant step forward in reimagining the retail experience,” highlighting the combination of JP Morgan’s stability and scale with fintech agility.

In addition to biometric payments, JP Morgan Payments is utilising Trulioo’s technology for personal and business identity verification services.