AI agents get virtual credit cards
Mastercard has entered the emerging field of agentic commerce by partnering with the startup Alchemy to enable AI agents to conduct financial transactions. This initiative allows users to issue virtual credit cards to autonomous bots, which can then perform tasks like shopping or paying for digital services within strict spending limits. While major competitors like Visa and American Express are pursuing similar technology, the shift toward machine-to-machine payments raises significant concerns regarding security, fraud, and accountability. To mitigate these risks, the system uses…
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