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An AI assistant that orders your groceries and renews subscriptions on its own might hit the market soon.
Visa(V) andMastercard(MA) want to make sure that payment still runs through their networks when that happens.
This week, the two card giants said they are working with global fintechAnt Internationalto build a shared way to identify and trust AI shopping agents.
For anyone holding the two stocks or considering them, this plan gives a hint on how both companies could grow in the future.
If software does your spending, who makes sure it spends wisely? OnSeptember 10, Visa, Mastercard, and Ant International said they would develop a sharedKnow Your Agent(KYA) framework, according to a jointpress release.
A KYA framework is a system that checks whether an AI agent is trusted and authorized before it checks out.
Visa runsTrusted Agent Protocol, Mastercard usesVerifiable Intent, and Ant builtAgentic Mobile Protocol.
The aim of the collaboration is to let an agent cleared on one network get recognized across the others.
Morgan Stanley resets Snowflake stock price target Goldman Sachs lifts Dell stock price target The companies citedMcKinseyresearch that AI agents could handle$3 trillion to $5 trillionof global consumer commerceby 2030,CNBCreported.
Ant's chief innovation officer,Jiang-Ming Yang, said interoperable trust between card and wallet networks is "critical" for agentic commerce.
Each network keeps its own approval process, and the companies set no timeline and named no merchant pilots.
Visa and Mastercardrun the networksthat connect your bank, merchant, and payment.
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