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5h ago

Visa and Mastercard Roll Out AI-Ready Payment Platforms in Pilot Phase

Visa's Intelligent Commerce and Mastercard's Agent Pay aim to enable autonomous AI shopping agents with tokenized credentials and integrated APIs, setting the stage for a new era of agentic commerce.

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Overview

  • Visa has launched its Intelligent Commerce platform, offering AI-ready tokenized credit cards, integrated APIs, and user-defined transaction rules to support autonomous AI shopping agents.
  • Mastercard's Agent Pay program introduces Agentic Tokens and partners with Microsoft to scale AI-driven payment solutions, competing directly with Visa's initiative.
  • Visa's pilot projects with AI leaders like OpenAI, Microsoft, and Anthropic have commenced, with broader adoption expected next year as merchant integrations expand.
  • Experts warn of privacy and trust challenges, citing risks like dynamic pricing and deceptive practices in an ad surveillance economy that could harm consumers.
  • Both initiatives represent a significant shift in payment infrastructure, aiming to provide seamless, secure, and personalized experiences while addressing regulatory and trust concerns.