Visa plugs its payment network into ChatGPT, letting AI agents shop and pay
11 hours ago
- #payment-innovation
- #digital-trust
- #AI-commerce
- Visa integrates its payment network into ChatGPT, enabling AI agents to autonomously shop and pay for users.
- The collaboration differs from OpenAI's previous e-commerce attempts by linking Visa cards to ChatGPT for broader merchant acceptance and reduced fees.
- Visa provides payment authorization and fraud monitoring, aiming to ensure transactions are trusted, secure, and seamless.
- The feature includes guardrails such as spending limits, approval steps, and approved merchants to protect consumers and minimize fraud.
- Visa and Mastercard are both advancing AI-shopping capabilities, with expectations that human approval will initially remain part of transactions.