Payment firms Visa, Mastercard and Ant International team up on AI agent trust framework

Sept 10 (Reuters) - Ant ‌International, Mastercard ​and ​Visa have launched an initiative to develop common standards to identify and verify ‌AI agents that can make purchases on behalf ⁠of users.

Here are some details:

• The companies said on ‌Thursday they had begun ‌collaborating on a Know-Your-Agent interoperability framework that would allow card networks, digital wallets, agent platforms and ​online marketplaces to recognize trusted AI agents across different payment ecosystems while maintaining their ⁠own approval and risk-management processes.

• The initiative comes as the payments industry ​prepares for the growth of agentic global consumer commerce, in which AI agents ​evolve from making recommendations to ‌completing purchases on behalf of users.

• The framework builds on the companies' existing ⁠protocols, including Visa's Trusted Agent Protocol, Mastercard Verifiable Intent and Ant International's Agentic Mobile Protocol.

• The companies ⁠said the initiative could help reduce integration costs and accelerate ​the launch of new agentic services by providing greater trust and risk visibility across participating networks.

• Ant International, Mastercard ‌and Visa said they would collaborate through BuildFin.ai, a platform convened by the ‌Monetary Authority of Singapore that brings together financial ⁠institutions, technology providers ‌and researchers to ​develop AI solutions for financial services.

(Reporting by Subhalakshmi Dey in Bengaluru; Editing by Jochelle ‌Mendonca)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• EU and Canada secure €211 million for ocean observation activities
• Disney to raise prices on Disney+, Hulu subscriptions, Bloomberg News reports
• OVHcloud CEO says public commitment for EU AI gigafactories too small