Alchemy integrates with Mastercard's Agent Pay

This integration between Alchemy and Mastercard is a glimpse into the future of how your customers will shop and pay. By allowing AI 'agents' to hold secure payment credentials, the technology enables software to handle the entire transaction process for a human user. For a retailer, this means you might soon be processing orders placed not by a person clicking buttons, but by an AI assistant tasked with finding and buying a specific product for its owner. From a financing perspective, this infrastructure is critical for the next generation of 'Invisible Payments.' It uses Mastercard’s secure rails to ensure that these automated transactions are just as safe as a standard credit card swipe. For operators, the takeaway is simple: the friction between a customer’s intent to buy and the final checkout is being removed. If an AI agent can handle the checkout, cart abandonment rates could plummet, but your payment gateway will need to be prepared to handle these automated 'Agent Pay' credentials. This technology bridges the gap between decentralized finance (onchain) and the traditional credit systems your business uses every day.

Source: Finextra — Lending

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