DeeperML

Visa, Mastercard, and PayPal have recently unveiled agent-ready platforms, marking a significant shift in the landscape of online commerce. These platforms enable AI systems to autonomously shop, make decisions, and handle payments on behalf of users. Visa's Intelligent Commerce platform allows AI agents to securely make purchases using credit cards while adhering to consumer-defined spending limits. Similarly, Mastercard's Agent Pay facilitates the integration of tokenized card credentials directly into AI-driven workflows. PayPal has launched an Agent Toolkit, allowing developers to embed payment, invoicing, and shipping functionalities into AI assistants.

This development signals a move towards autonomous shopping and agentic commerce, potentially revolutionizing online checkout processes for both consumers and businesses. With Visa's Intelligent Commerce, AI agents can now go beyond simply recommending products to actually completing transactions. The system replaces traditional card details with secure, tokenized digital credentials accessible to authorized AI agents. Users maintain control by setting parameters such as spending limits and preferred merchant categories. The collaboration between Visa, Mastercard, and PayPal aims to establish secure frameworks for AI agents to conduct financial transactions.

These platforms offer numerous potential benefits. For consumers, this could mean more efficient and personalized shopping experiences. For example, an AI assistant could be instructed to book a flight within a specific budget or order weekly groceries, completing the purchase without manual input. Businesses stand to gain from new opportunities for customer interaction and increased sales through hyper-personalized offers and real-time transaction data. As these platforms mature, retailers may need to adapt by creating "agent-readable" catalogs and promotions, as brand equity shifts towards the agents consumers choose to use.

ImgSrc: www.medianama.c

References :

• shellypalmer.com: Mastercard, Visa, and PayPal just rewrote online checkout. Within 24 hours, all three networks launched agent-ready platforms that let autonomous AI systems shop, decide, and pay for us.
• futurism.com: Visa — yes, that Visa — is wading into the world of AI agents. On Wednesday, the credit card monolith announced it would be teaming up with some of the AI industry's leading developers to connect its vast payments network to their AI systems.  The end game? Letting an autonomous AI model — an agent — control your credit card and make purchases ranging from groceries to clothing on your behalf, based on your budget and preferences. "We think this could be really important," Jack Forestell, Visa's chief product and strategy officer, told the Associated Press. "Transformational, on the order […]
• www.medianama.com: Visa and Mastercard Let AI Agents Spend for You: But What’s the Risk?
• Tor Constantino: Mastercard And Visa Unleash AI Agents To Shop For You
• venturebeat.com: Visa launches Intelligent Commerce platform enabling AI assistants to make secure purchases with your credit card, transforming online shopping with personalized automation and consumer-controlled spending limits.
• TechSpot: By bridging the gap between AI's growing capabilities and secure payment processing, Visa is positioning itself to play a pivotal role in the next evolution of commerce.
• www.zdnet.com: Imagine AI agents finding and ordering products for you. With this latest Visa announcement, that future just got a little closer.
• Shelly Palmer: Mastercard, Visa, and PayPal just rewrote online checkout. Within 24 hours, all three networks launched agent-ready platforms that let autonomous AI systems shop, decide, and pay for us.
• Shelly Palmer: Mastercard, Visa, and PayPal just rewrote online checkout. Within 24 hours, all three networks launched agent-ready platforms that let autonomous AI systems shop, decide, and pay for us.
• techxplore.com: Artificial intelligence "agents" are supposed to be more than chatbots. The tech industry has spent months pitching AI personal assistants that know what you want and can do real work on your behalf.

Classification:

• HashTags: #AgenticAI #AIShopping #FinTech
• Company: Visa, Mastercard, PayPal
• Target: Consumers, Businesses
• Product: Intelligent Commerce Platform
• Feature: Agent Pay
• Type: AI
• Severity: Informative