Visa and Mastercard Embrace AI for Enhanced Online Shopping Experiences
Visa and Mastercard introduce AI agents that can make purchases on behalf of consumers, enhancing convenience and personalization in online shopping.
Visa says that it is collaborating with a mix of tech giants and startups to develop AI-powered shopping experiences that are “more personal, more secure, and more convenient.”
Visa and Mastercard unveil AI-powered shopping
TechCrunch·2d
·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Visa is betting that what seems futuristic now could become a convenient alternative.
Visa wants to give AI your credit card to buy groceries and plane tickets
Fortune·2d
·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.CenterThis outlet is balanced or reflects centrist views.The tech industry is already full of demonstrations of the capabilities of what it calls agentic AI, though few are yet found in the real world.
Visa wants to give artificial intelligence 'agents' your credit card
ABC News·2d
·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The San Francisco payment processing company is betting that what seems futuristic now could become a convenient alternative to our most mundane shopping tasks in the near future.
Visa wants to give artificial intelligence ‘agents’ your credit card
Boston Herald·2d
·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
Summary
Visa and Mastercard are launching AI agents capable of shopping for users based on preferences and spending limits. With collaborations including major tech firms like Microsoft and OpenAI, these initiatives aim to streamline online purchasing while addressing existing challenges in agentic commerce. Both companies envision a future where AI can assist in various shopping tasks, improving user experience and convenience. The technology is expected to address payment challenges while allowing consumers to maintain control over their spending.
Perspectives
Visa and Mastercard are entering the AI space with new systems that allow AI agents to make purchases on behalf of consumers based on their preferences and spending limits.
These partnerships with AI developers aim to create a more personal and secure shopping experience, addressing the challenges AI agents face in making transactions.
The integration of AI in shopping is positioned as a transformational advancement, similar to the rise of e-commerce, with pilot projects expected to begin shortly.