No more window switching: Mastercard’s Agent Pay transforms how enterprises use AI search

One of the criticisms of computer use platforms and other search agents is that you cannot complete any transactions within the same window if you use it to find a product or hotel.

MasterCard aims to change this by integrating artificial intelligence companies and platforms into their own payments network, allowing users and institutions of transactions smoothly within their ecosystems. The company announced today the Pay Agent Pay, a new payment program that brings the MasterCard payment system to AI’s chat platforms.

Greg Olrich, the chief data in MasterCard and an artificial intelligence employee, told Venturebeat in an interview that the agent pays “closing the episode” to search for the agent.

“You want to close the episode as part of the experience to enable customer experience in the most effective way, which is what we are trying to enable today,” Ulrich said. “You have to make sure that every person in the ecosystem can identify agents and approve the agent to deal with treatment safely and safely.”

Openai, Anthropic and Perplexity can join the MasterCard payment network, allowing other participants in the network – merchants, card users and financial institutions – with confidence in the statute’s transactions and checking any possible fraud. It also enables MasterCard to bring in fraud and transactions to these companies.

MasterCard has partnered with Microsoft, IBM, BrainTree and Checkout.com to expand the agent’s payment scope, regulate the system and enhance other features of merchants. He will also integrate the agent’s wages with banks and other financial institutions.

Make the worker looking more useful

Over the past year, we have seen the artificial intelligence system developed from merely recounting information to the use of your computer actively on behalf of you. These platforms Enabling users to demand artificial intelligence models to search on the Internet for any information. It can make recommendations for products or places to visit. Artificial intelligence research has proven popular.

This week, Openai has even announced that it adds shopping features to the Shatgpt Search, which works on the GPT-4O, in an attempt to compete with the long Google dominance in searching for the product.

However, users have always found that they need to open a separate window if they saw a deal.

“We will work with AI and agents so that they can enter on board and can reach technology. But on the commercial side, they can now do things to learn about these transactions and manage risk about this more effectively,” said Pablo Forez, chief digital official in MasterCard.

Bringing these platforms to a payment system like MasterCard makes them more useful, as it can work not only as a place where people find information, but also as a platform that users can find and deal with.

When artificial intelligence companies are part of the payment network, they can also improve any agent’s workflow created by Enterprises. Imagine the work of an agent that includes the search for new suppliers, finding an appropriate supplier, assisting negotiations, drafting the contract and preparing transactions through the statute.

The company discusses wage integration for the agent in Microsoft Copilot and Azure/Openai services.

Symbols instead of artificial intelligence

However, the agent’s wage is not dependent on obstetric artificial intelligence, although MasterCard does not benefit from technology for other products.

Agent Pay depends on the company’s distinctive symbol technology, which uses encryption to help hide personal information (PII) during digital transactions.

“It is a separate, useless number if it is not used in the context of the treatment he authorized,” Forez said. “This has been achieved through encryption that makes transactions every unique treatment, and if someone else gets this information, he will not be able to do anything with it.”

Mastercard is used by Amnesty International and large language models to detect fraud, which Ulrich noticed working alongside with the distinctive symbol to pay the agent, as artificial intelligence models of transactions for fraud are achieved as soon as they start.

Ulrich allows the payment agent to each company and a person involved in confidence that “the rules are working in this ecosystem.”

He said: “We make sure that we are safely defining these players in the ecosystem, and that we have a way to capture accreditation and numbers safely.”