The global financial community has unleashed a new era for global payments innovation with universal adoption of ISO 20022 as the standard language for cross-border payments worldwide.

Citi and US Bank Mastercard cardholders will be the first to access Mastercard’s new Agent Pay technology, ahead of a wider U.S. launch during the holiday season and a subsequent global rollout. Introduced in April, Agent Pay is Mastercard’s entry into the emerging agentic payments space, allowing AI agents to handle shopping and payment tasks on behalf of users.

Worldpay, a global leader in payment technology, today announced they are partnering with Trulioo, the leading global digital identity platform, to introduce new safeguards for AI-powered agent-led commerce.

OpenAI CEO Sam Altman has voiced strong concerns about the continued reliance on voice-based authentication by banks, calling it “terrifying” in the face of rapidly advancing AI capabilities.

Visa, a world leader in digital payments, is fighting back as scammers harness the power of artificial intelligence to target New Zealanders by using AI to combat AI.

Source: WFF

We Fight Fraud (WFF), a specialist financial and cyber crime consultancy, has selected European Regtech scale-up Salv to share intelligence with financial institutions across Europe.

Source: Visa

Jack Forestell, Visa’s Chief Product and Strategy Officer said, “Combining the strength of our global network with our leadership in payment innovation here in Asia Pacific, we are bringing new products and solutions that will transform commerce and deliver trust and security to AI-enabled payments across the region.”