Fiserv and Mastercard have strengthened their partnership to advance agentic commerce, integrating Mastercard’s Agent Pay Acceptance Framework into Fiserv’s merchant infrastructure. This collaboration enables secure transactions initiated by artificial intelligence (AI) systems, utilizing existing payment rails for authentication and tokenization. With the growing shift towards AI-driven commerce, this framework aims to transition from human to automated transaction execution while maintaining security. Key features include network tokenization, which replaces sensitive card details with tokens, and robust authentication mechanisms to differentiate authorized AI agents from potential threats. Fiserv facilitates agent-initiated transactions seamlessly within its existing Clover and eCommerce platforms. This initiative positions both companies as leaders in defining secure standards for AI-driven payments, following similar efforts in the industry, like Fiserv’s partnership with Visa. As AI technology evolves, the objective remains to enhance consumer trust and reduce friction in transactions, establishing a robust foundation for future commerce.
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