Banks and card networks are developing ways to verify whether a transaction is being initiated by a person or an AI agent acting on that person’s behalf. The shift comes as autonomous software begins to shop and make payments.
1:00 AMFortune1 story from 1 source
Saturday, September 19, 2026
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1:00 AMFortune
‘Know your agent’: Banks face a new compliance challenge as AI agents shop and pay on their own
Summary
Banks and card networks are developing ways to verify whether a transaction is being initiated by a person or an AI agent acting on that person’s behalf. The shift comes as autonomous software begins to shop and make payments.
The core change is that transaction identity now includes software agents, not just account holders
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AI agents could force the payments industry to redesign identity, fraud prevention, and liability rules before autonomous commerce scales.
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