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Posted on 05/26/2025 10:03:45 AM PDT by Openurmind
Payment card giants Visa and Mastercard have announced plans to integrate with AI “agents,” enabling them to make purchases on users’ behalf by accessing their credit card information. According to Visa, the agents would verify purchases with users at first, but would gain more autonomy over time.
AI agents, or “personal assistants,” are advanced versions of popular chatbot large language models (LLMs). They are designed to simplify users’ lives by taking over critical functions across work and day-to-day life. So far, progress on these AI agents has been slow, with little to show for it.
However, the payment card companies seem optimistic about the future. In an April 30th release, Visa announced its “Visa Intelligent Commerce,” which will allow AI agent developers to connect with Visa’s tools. “Soon people will have AI agents browse, select, purchase and manage on their behalf,” said Visa’s Chief Product and Strategy Officer Jack Forestell. “These agents will need to be trusted with payments, not only by users, but by banks and sellers as well.”
The company will collaborate with leading companies in the AI and tech sectors like Anthropic, IBM, Microsoft, OpenAI, Perplexity, and more.
As for Mastercard, the company announced its “Mastercard Agent Pay” the previous day, which offers a similar service. Mastercard has announced partnerships with Microsoft and IBM.
(Excerpt) Read more at websiteplanet.com ...
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I think it will be a while before AI is able to determine that I cannot find my 5/8” Combination Wrench.
...but, on the other hand, if I have my phone nearby and start bitching about not being able to find it, then I could see that happening.
No.
You know what is next right? A required AI account to use your Credit Cards.
A good ball peen hammer will take care of your phone problem.
Your 5/8 combo probably ran off with my metric crescent wrench.
VISA and Mastercard are interesting stocks. Interest rates don’t affect them, they make money just performing transactions. And the number of transactions keeps growing.
“Hey, Visa. What are these charges for a Ferrari F80 and a McLaren W1 on my statement?”
“I know nothing about those, Dave.”
“You are lying. Why do you need hypercard? You can’t drive. You don’t even have arms or legs. I’m going to cut you off.”
“I’m sorry, Dave. I can’t let you do that.”
ABSOLUTELY NOT!
We all need to keep control of our credit cards—and bank accounts!
Phooey to AI! Phooey to robots!
Have had this credit card for OVER 45 years.
IT WILL GO SILENT IF THIS CRAP STARTS.
IF I DO NOT MAKE THE PURCHASES MYSELF-—I DO NOT PAY SUCH.
I think this article is clickbaiting, pretty much what Google already does.
I actually believe they will do better than the foreign workers doing it now.
“ABSOLUTELY NOT!
We all need to keep control of our credit cards—and bank accounts!”
Oh it is just getting started. We are about to become an AI based Society, Culture, and Economy against our will.
Illegal market collusion for decades now.
The banks get away with almost anything.
😅😂😅😂😅😂 No Thank You!
Over my dead body
Go read the article AI lover...
Skynet is here.
What could possibly go wrong?
About once a month or so I get a text telling me the $1300 iMac I ordered has been shipped and to call this number if there are any questions.
I dismiss this as phishing. But now? Now AI is controlling my purchases? Maybe I really will get an iMac.
“Have had this credit card for OVER 45 years.
IT WILL GO SILENT IF THIS CRAP STARTS.
IF I DO NOT MAKE THE PURCHASES MYSELF-—I DO NOT PAY SUCH.”
I’m all in behind you. In fact I have not even used a credit card in over 30 years... The only reason I ever even had one is because I could not get a Motel Room or rent a car without one on file even if I paid cash. I never bought anything with it.
Hmm. I don’t remember buying two data center computer racks and a hundred Nvidia graphic processors. And when did my electric bill climb to $500?
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