This article explores the concept of agentic commerce, where AI software can make payments on users' behalf. It discusses the implications of this technology, including potential benefits and new fraud challenges, as major payment networks like Mastercard and Visa start to embrace it.

Visa is set to implement a new fraud prevention and dispute management program, called Vamp, which will place more responsibility on merchants and their banks to combat fraud starting October 1. The program consolidates previous initiatives and introduces compliance standards that could lead to new fees and fines for merchants based on their fraud management performance. This shift aims to address rising fraud rates in digital transactions, particularly as friendly fraud disputes increase significantly.

Worldpay has partnered with Visa to enhance its 3D Secure (3DS) solution, aimed at reducing fraud and improving authorization rates for U.S. merchants. The upgraded 3DS Flex™ allows merchants to pass authentication data to issuers, thereby boosting payment security and the customer experience while minimizing transaction abandonment.

Stripe has developed an innovative AI system specifically designed for enhancing payment processes, focusing on improving transaction accuracy and customer experience. By leveraging machine learning, Stripe aims to streamline operations and reduce fraud, ultimately transforming how payments are processed across various platforms.