In the evolving landscape of AI-driven commerce, Mastercard is leading the charge in securing digital payments. In a recent discussion, Pablo Fourez, Chief Digital Officer at Mastercard, and Rory O’Neill, Chief Marketing Officer at Checkout.com, delved into the concept of agentic payments. These payments leverage tokenization, biometric authentication, and intent-based consent, reshaping how digital commerce operates. Key highlights include the importance of “Know Your Agent” (KYA) protocols, which enhance identity verification to differentiate trustworthy AI agents from malicious bots. Mastercard is extending its infrastructure to facilitate safe AI-led transactions while ensuring user control. Additionally, KYA and biometric passkeys are pivotal for building trust among merchants and AI systems. As Mastercard develops standards like agent-to-agent (A2A) protocols and API interfaces, it aims to enhance interoperability and fraud prevention. Integrating intent and consent into payment tokens is crucial for upholding traceability and accountability in digital transactions.
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