Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users
The deal gives AI agents spending controls, fraud detection and refunds as Visa and OpenAI build infrastructure for agentic commerce.
- On Wednesday, Visa embedded its payment network inside ChatGPT, empowering the chatbot to independently shop and complete transactions on behalf of users.
- OpenAI previously introduced Instant Checkout late last year to help ChatGPT scour the internet for items, but merchants criticized the 4% transaction fee, prompting the company to retire the tool in March.
- Visa provides fraud detection and allows users to set spending caps and merchant restrictions. "Agents will play an increasingly important role in helping people complete tasks that involve money," Marco Mahrus, OpenAI's head of partnerships and commerce, said.
- The companies plan to support consumer shopping, business invoice payments, and AI coding agents purchasing APIs or compute services. The integration will "allow OpenAI, and then over time other platforms, to build better commerce experiences," Rubail Birwadker, Visa's global head of growth, told Axios.
- Mastercard is also introducing AI-shopping features to its payment network on a smaller scale, while Visa and OpenAI acknowledge the technology remains in development with the final user experience yet to be determined.
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95 Articles
OpenAI and Visa now allow artificial intelligence agents to shop online after receiving user authorization, as part of the expansion of a previously announced partnership between the two technology companies. Visa's payment services will be integrated into the OpenAI platform so that online retailers can accept transactions made by AI agents, according to a statement released on Wednesday. For example, a customer may instruct an AI agent to pay …
Visa is connecting with ChatGPT to let AI agents automatically make purchases
Is it too time-consuming for you to search for and buy products you need on the internet? ChatGPT and Visa have a solution.OpenAI and Visa, the world's largest non-Chinese payment network, have worked to integrate Visa into ChatGPT, per the Associated Press. Thanks to this integration, users can now have ChatGPT operate as a shopping agent of sorts, scouring the internet for products based on natural-language queries and making purchases on the …
Financial technology and AI are reaching a new level of autonomy Payment giant Visa has joined forces with OpenAI and integrated its global network directly into ChatGPT. Now AI can search for, order and pay for items on behalf of the user on its own. RBC-Ukraine writes about this with reference to Techxsplore. ChatGPT as a personal buyer The essence of the integration is that users can link their Visa card to their ChatGPT profile and give the…
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