Agentic AI Tools: The Future of Global Payments and Fintech
In a rapidly evolving digital landscape, the global payments and fintech industry is seeing a significant shift towards the adoption of agentic AI tools. As technology firms strive to build agentic AI tools that require minimal human supervision, they are also focusing on making these tools more user-friendly and secure for processing payments. This revolutionary change in the payments industry is poised to enhance customer service, strengthen security, and improve lending decisions. Today, we take a closer look at how Visa is leading this transformation and the implications for the global banking sector.
Visa’s Agentic AI Protocols: A New Era in Payment Processing
Fiserv and Visa, two of the world’s leading bank technology companies, are making significant strides in scaling agentic AI protocols. The collaboration will see Visa’s Intelligence Commerce and Trusted Agent Protocol being integrated into Fiserv’s merchant network, supporting payment processing for agentic transactions. Visa’s agentic AI and authentication will be accessible to both Fiserv’s and Visa’s merchant networks.
Visa’s Trusted Agent Protocol is designed to detect malicious bots, ensure consumer authorization, and validate transactions at checkout. According to Rubail Birwadker, global head of growth products and strategic partnerships at Visa, the objective is to “build trust into every layer of the agentic-commerce experience.” Partners like Fiserv are crucial to scaling these secure, innovative solutions for merchants and consumers worldwide. To learn more about Visa’s agentic AI protocols, click here.
Visa and Agentic Real Estate Payments in the Middle East
Visa’s innovative approach to agentic AI extends beyond merchant networks. The company has also collaborated with Aldar, an Emirati-based real estate firm, to introduce agentic real estate payments in the Middle East. The pilot project involved customers making real estate payments via Aldar’s mobile app, with an AI agent guiding consumers through a consent-led process. The transaction was processed on an Emirates NBD Darna Visa credit card, Aldar’s co-branded loyalty platform.
Flexible Contactless Payment Limits in the UK
The UK’s Financial Conduct Authority (FCA) has recently announced that banks will be allowed to set flexible limits for contactless payments starting in March. This decision is expected to ease the use of mobile wallets. The FCA believes that this move will encourage firms to enhance their fraud prevention measures, providing consumers with increased protection and peace of mind.
Shift4: Introducing Stablecoin Settlement
Shift4, a leading payments fintech, is now enabling merchants to opt into payments being settled in stablecoins such as USDC, USDT, EURC and DAI. This offers an alternative to traditional bank transfers and supports businesses worldwide as stablecoins continue to play a growing role in the modern payments ecosystem.
BBVA’s Investment in Supply-Chain Finance Tools
In another exciting development, BBVA has led a $30 million funding round in Olea, a supply-chain finance platform. This investment will expand BBVA’s role as a partner in Olea’s product development and improve liquidity for corporate clients in an increasingly complex international environment.
To learn more about the latest developments in the global payments and fintech industry, click Here.
