This is already happening without facial recognition.
1 offer all shops free surveillance hardware, you will offer them notifications when a suspect enters the shop. You need some PR stuff with big numbers where you claim on how many of your partners/clients are marking suspects that commited theft and how many billions are saved with this AI tech.
2 collect all the videos, do face recognition and connect the people n the image with real identities , infer more personal data from the person facial expression, posture, clothing, stuff they look at
3 profit!
4 collaborate with NSA and FBI to make sure the government will not have an easy job shutting you down.
bonus , you can extend to clubs, schools,parks, bars. You can rent the hardware for private owners with a discount if they mount at least one camera pointed at the street.
It could be done with "google glasses" like devices too, why do you think it will not happen? Because of existing laws or because there is no money for a big corporation to extract?
1 some people complaining that EU will block innovation if it is not allowed to do face recognition on public places or without consent. This people want to "disrupt/innovate"
2 we have the theory that people will wear masks so facial recognition is impossible
So 1 and 2 can't happen at the same time, if the guys from 1 need to innovate then they need no masks , if 2 will happen then the guys from 1 are complaining for nothing because the virus fucked up their disruptive ideas.
Sorry if I was unclear before.
I don't think banks or Mastercard et al. are allowed to sell customer data in the EU?