Rogers Bank completes agentic commerce transactions with Flybits and Mastercard

This news signals a major shift in how your customers will shop and pay in the near future. Rogers Bank and Mastercard have successfully tested 'agentic commerce' in Canada. This means using AI agents that don't just recommend products, but actually execute the transaction for the consumer. For a retailer, this means the 'buyer' may soon be an AI bot programmed to find the best financing terms, rewards, or price points on behalf of a human. The pilot focused on 'intent-driven' shopping. Instead of a customer browsing your site and manually selecting a credit card or BNPL plan at checkout, an AI agent manages the process. It ensures the transaction is secure and uses the most advantageous payment method available to the user. This technology prioritizes transparency and security, aiming to reduce the friction that usually leads to abandoned carts. For operators, this means your checkout flow needs to be ready for AI-to-machine communication, not just human clicks. The goal is to move from passive search to active, automated purchasing where the financing is settled instantly based on pre-set consumer preferences.

Source: Finextra — Lending

← Return to the library· Submit a correction