Visa Announces Plans to Give AI Agents Your Credit Card Information

Visa – Yes, Titan Multinational Credit Card In the world of artificial intelligence agents.

Wednesday, finance Monolith has announced that it will cooperate with some major developers in the artificial intelligence industry to connect the vast network of payments to their artificial intelligence systems.

End game? Allow the artificial intelligence model – an agent, in the language – control your credit card To make purchases ranging from groceries to clothes on its own, based on your budget and preferences.

“People will soon get to browse artificial intelligence agents, choose, buy and manage their behalf,” Jack Forestill, chief product and strategy official in Visa, said in a statement.. “Just like a shift from material shopping to the Internet, and from the Internet to a mobile phone, Visa determines a new standard for a new era of trade,” he added.

The visa invites the initiative, which it was working on during the past six months, “Smart Trade Visa”. Among the killer row of artificial intelligence developers Openai, Microsoft, Hone -Perplexity and Mistral – along with other big names in technology such as IBM, Samsung and Companey Stripe.

In the near future, he depicts “millions of people will soon rely on artificial intelligence to find the ideal jacket or search in a new place to spend a vacation or achieve their grocery list,” says Visa that it will offer ready cards of artificial intelligence that gives up the details of the traditional credit card in favor of “symbolic accreditation data”, which says it will be safer.

“Only the consumer can direct the agent about what to do and when the payment accreditation data is activated,” the company confirmed In its publication.

per Associated Press, Forestell imagines that customers will use artificial intelligence agents to perform routine missions such as grocery store or deal with complex purchases such as travel reservations. But he does not think he will replace other shopping experiences that we already enjoy, such as buying luxury goods, instead, plays a secondary role.

However, artificial intelligence agents are used, and this depends on customers who trust in a badly vulnerable technique and a security risks with their sensitive financial records. Not to mention the developers of artificial intelligence themselves: it is possible to access this valuable credit card information, such as your previous purchases – with your consent – from artificial intelligence companies to work with Visa.

“Visa has the ability to agree to share their transaction history flows.” AP. “When we create a recommendation – say you are asking,” What are the best laptops? – We will know what other transactions you have done and the preferences that have been revealed. “

It is clear that there is blood in the water. MasterCard Declare Its artificial intelligence agent on Tuesday, which is called “Agent Pay”, which includes some of the same collaborators including Microsoft, Openai and IBM. Like Visa’s, MasterCard AI’s agent will be able to make recommendations through conversation reactions and purchases on purchases.

It remains to see how transitions from AI-Credit-Card will work in practice. The glimpses of AI Agent have not yet been impressive. Openai’s “operator” users from Openai complained that it could be painfully slowly while performing tasks such as buying groceries or ordering eating abroad. It should be Papisat constantlyA person needs to enter passwords and credit card information, and to agree to purchases in the end.

Of course, this is before you enter the picture. Hoping that its cooperation with technology companies will enable artificial intelligence agents to perform purchases themselves, without the need for a person to intervene.

“The problem of payments is not something that artificial intelligence platforms can be made by themselves.” AP. “That is why we started working with them.”

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