Mastercard has announced Agent Pay, a new payments program that integrates AI chat platforms with its payments network.
The program aims to enable seamless transactions within AI ecosystems and brings Mastercard's fraud and transaction dispute systems to participating AI companies.
Mastercard has partnered with Microsoft, IBM, Braintree, and Checkout.com to scale Agent Pay and enhance features for merchants.
Agent Pay utilizes Mastercard's tokenization technology for secure transactions and leverages generative AI for fraud detection.