AI has changed everyday tasks such as writing, coding – even shopping. Now, the visa agent AI is starting an initiative to prepare its payment network for a new era of shopping experiences.
Earlier this week, the company unveiled Visa Intelligent Commerce in Visa Global Product Drop. According to the release, this initiative opens visa payment network for developers and engineers that are creating agents AI shopping experiences that find and buy products for users.
Also: Google’s AI mode upgrade search may be strictly needed – how to try it for free
In addition, Visa Intelligent Commerce is a commercial partner program for AI platforms that includes a suit of integrated API developers, which can use to deploy the AI commercials of the visa.
According to the visa, the program offers A-Taiyar Credit Card that replaces the card details with tokens digital credentials; AI-managed personalization, which shares basic visa expenses (with user consent) and buys insight to improve agent performance; And AI payments, which allow AI agents to transact with the clear guidelines prescribed by the user.
The Visa’s main product and strategy officer, Jack Foreel, compared this wave of online changes from physical purchases, and then for online mobile, set a new standard for AI.
“Soon people will have AI agents browse, selection, purchase and management on their behalf,” said Forel. “These agents will need to rely with payment not only by users, but also by banks and vendors.”
To bring this initiative into life, the visa will cooperate with many AI industry leaders, including anthropic, IBM, Microsoft, Mistral AI, Openi, Perplexity, Samsung, Stripe, and more.
People fast rely on AI, to shop for them, exactly finding what they want in less time and more efficiently. For example, Google, Microsoft, and Openai have implemented AI-operated shopping features within their chatbots to help users find out what they need.
Also: Chatgpt is now your personal shopkeeper
Visa initiative is taking forward this one step by removing friction at the payment phase in this AI-operated commerce era, which helps traders and consumers to enjoy more comfortable and safe personal experience. Other payment networks have initiated a similar initiative.
Recently, MasterCard announced its agent-based AI payment program, on MasterCard agent. The program is also to provide a more secure and personal payment experience at AI age. According to the company, the program introduces a partnership with MasterCard agentic tokens and Microsoft to develop new use cases and “Scale Agentic Commerce”.
Want more stories about AI? Sign up for innovationOur weekly newspapers.
