Agentic commerce enables AI to handle routine tasks such as reordering supplies. Fiserv and Mastercard recently announced a strategic partnership to pioneer agentic commerce. This collaboration will leverage Mastercard’s Agent Pay Acceptance Framework and Secure Card on File technology to create a secure, interoperable system for AI-driven transactions. The companies want to make sure that AI agents can conduct transactions safely by employing tokenization, strong authentication, fraud prevention, and governance. This initiative addresses the increasing demand for trust in autonomous digital interactions.
The new system focuses on verifying the identity of AI entities. It uses advanced technology to confirm that an agent has the authority to spend money. Merchants will benefit from this because it reduces the risk of fraud. The framework also simplifies the checkout process for automated purchases. This is a significant step forward for the global payments industry.
The Future of Autonomous Payments
Agentic commerce enables AI to handle routine tasks such as reordering supplies. Fiserv and Mastercard are creating the framework to streamline these processes. They bring together strong knowledge in payment processing and security measures. This partnership will help businesses adjust to a world where machines make financial choices.
Sanjay Saraf, SVP and Global Chief Product Officer at Fiserv, highlighted the importance of this shift.
“As AI agents begin to act on behalf of consumers and businesses, the need for a trusted and secure commerce framework has never been greater. By combining our leading merchant footprint with Mastercard’s secure network and identity solutions, we are defining the future of agentic commerce.”
Chiro Aikat, Co-President, U.S., Mastercard, also commented on the new venture.
“We are entering an era where transactions are not just digital, but increasingly autonomous. Our work with Fiserv will ensure these interactions are grounded in trust, providing the security and transparency needed for agentic commerce to thrive.”
The two companies plan to test these solutions with a few merchants soon. This step makes sure the technology meets real-world needs before a larger rollout. Agentic commerce is the next frontier in fintech innovation. By setting high standards now, Fiserv and Mastercard are paving the way for safer digital markets.
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News Source: Businesswire.com
