The robot would like to buy something. Please show robot identification.
Visa, Mastercard and Ant International announced a joint effort Thursday to establish common standards for AI agents making payments on behalf of users.
The basic problem is deceptively ordinary. When you buy something online, merchants and payment networks have spent decades determining whether the person presenting a card is authorized to use it. An autonomous shopping agent breaks that assumption. The legitimate buyer may now be software.
Which agent is this? Who authorized it? What is it allowed to buy? How can a merchant distinguish a legitimate delegated purchase from automated fraud?
The proposed Know-Your-Agent interoperability framework is intended to let merchants and financial networks identify trusted agents across payment ecosystems while preserving their own approval and risk-management processes.
This is an observed-capability signal because it is aggressively boring. Nobody announced artificial general intelligence. Three enormous payment organizations looked at where software is going and concluded: we need a protocol for when the customer is a bot.
Technologies often become real when accounting asks what field to put them in.
Source: Reuters ↗