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Banking

Visa, Mastercard and Ant develop AI-payment standards

Visa, Mastercard and Ant International are collaborating on common standards for payments initiated by artificial-intelligence agents, including methods to verify and monitor transactions. The CNBC RSS report does not provide an implementation timetable, identify participating banks and merchants or explain how liability and customer consent will work when agents make purchases.

Why it matters

Shared rules could accelerate automated commerce while defining safeguards for identity, fraud and authorisation.

Sources

finite. summarises the reporting above and links to each original. We do not reproduce full articles. Read the sources for complete coverage.

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