You said Bankers 300 years ago demanded facial verification for withdrawals and now you're saying they required facial ID to do a txn? 

Do you know what you are talking about? It doesn't seem like it. 

300 years ago, thet didn't require facial verification.  It required a "key signature" from said merchant in the form of a note  stipulating the amount and signature.  

The recipient could be anyone with the correct information to receive the money,  at any time they were able to. 

You could send your child to collect the money, as long as they had the correct information.