Visa, Mastercard and Ant International Move to Secure AI-Powered Payments
Visa, Mastercard and Ant International have launched an initiative to develop common standards for identifying and verifying AI agents making purchases for users. The effort aims to establish trusted infrastructure as autonomous AI systems increasingly move from recommending products to conducting transactions.
Agentic AI could fundamentally change e-commerce. Before consumers allow AI assistants to independently shop and pay, merchants and financial institutions need reliable ways to verify the agent, its user and the authority granted for each transaction.
The companies will work toward common identification and verification standards. Banks, merchants, payment processors and technology companies will be watching whether the framework develops into a broader industry standard for AI-driven commerce.
Generative AI evolves from chatbots toward autonomous agents
AI companies begin developing shopping and payment capabilities
Payment networks explore agentic-commerce standards
Sep 10: Visa, Mastercard and Ant International announce joint trust initiative
Next: Development and adoption of common AI-agent verification standards.
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1. reuters.comView Original
