Latest news with #MastercardOneCredential
Yahoo
06-05-2025
- Business
- Yahoo
Visa and Mastercard unveil AI-powered shopping
Artificial intelligence is not just infiltrating the startup world. Now credit card giants Visa and Mastercard are getting into the AI game. Visa announced on Wednesday 'Intelligent Commerce,' which it says enables AI 'to find and buy.' AI agents will be able to shop and make purchases on behalf of consumers, based on preselected preferences. In a statement, Visa chief product and strategy officer Jack Forestell said: 'Each consumer sets the limits, and Visa helps manage the rest.' Visa says that it is collaborating with a mix of tech giants and startups to develop AI-powered shopping experiences that are 'more personal, more secure, and more convenient.' Those companies include Anthropic, IBM, Microsoft, Mistral AI, OpenAI, Perplexity, Samsung, and Stripe, among others. The move follows Mastercard's announcement on Tuesday that it would give AI agents the ability to shop online for consumers. Mastercard said its new Agent Pay offering 'will enhance generative AI conversations for people and businesses alike' by integrating payments into tailored recommendations and insights already provided on conversational platforms. In a statement, it said: 'This means that for a soon-to-be-30-year-old planning her milestone birthday party, she can now chat with an AI agent to proactively curate a selection of outfits and accessories from local boutiques and online retailers based on her style, the venue's ambience, and weather forecasts. Based on her preferences and feedback, the intelligent agent can make the purchase, and also recommend the best way to pay, for example, using Mastercard One Credential.' Mastercard said it will work with Microsoft on new use cases to scale 'agentic commerce,' as well as with IBM, Braintree, and on other aspects of AI-powered shopping. Visa and Mastercard aren't the only ones allowing for AI-powered shopping. On Tuesday, PayPal announced its own agentic commerce offering. And earlier this month, Amazon announced the start of testing a new AI shopping agent, a feature it calls 'Buy for Me,' with a subset of users. OpenAI, Google, and Perplexity have also showcased similar agents that can visit websites and help users make purchases. OpenAI said Monday that it was updating ChatGPT search, its web search tool in ChatGPT, to give users an improved online shopping experience. This story was updated to include PayPal's AI agent.
Yahoo
30-04-2025
- Business
- Yahoo
Visa and Mastercard unveil AI-powered shopping
Artificial intelligence is not just infiltrating the startup world. Now, credit card giants Visa and Mastercard are getting into the AI game. Visa announced on Wednesday 'Intelligent Commerce,' which it says enables AI 'to find and buy.' AI agents will be able to shop and make purchases on behalf of consumers, based on preselected preferences. In a statement, Visa Chief Product and Strategy Officer Jack Forestell said: 'Each consumer sets the limits, and Visa helps manage the rest.' Visa says that it is collaborating with a mix of tech giants and startups to develop AI-powered shopping experiences that are 'more personal, more secure, and more convenient.' Those companies include Anthropic, IBM, Microsoft, Mistral AI, OpenAI, Perplexity, Samsung, and Stripe, among others. The move follows Mastercard's announcement on Tuesday that it would give AI agents the ability to shop online for consumers. Mastercard said its new Agent Pay offering 'will enhance generative AI conversations for people and businesses alike' by integrating payments into tailored recommendations and insights already provided on conversational platforms. In a statement, it said: 'This means that for a soon-to-be-30-year-old planning her milestone birthday party, she can now chat with an AI agent to proactively curate a selection of outfits and accessories from local boutiques and online retailers based on her style, the venue's ambience, and weather forecasts. Based on her preferences and feedback, the intelligent agent can make the purchase, and also recommend the best way to pay, for example, using Mastercard One Credential.' Mastercard said it will work with Microsoft on new use cases to scale 'agentic commerce,' as well as with IBM, Braintree, and on other aspects of AI-powered shopping. Visa and Mastercard aren't the only ones allowing for AI-powered shopping. On Tuesday, PayPal announced its own agentic commerce offering. And, earlier this month, Amazon announced the start of testing of a new AI shopping agent, a feature it calls 'Buy for Me,' with a subset of Google, and Perplexity have also showcased similar agents that can visit websites and help users make purchases. OpenAI said Monday that it was updating ChatGPT search, its web search tool in ChatGPT, to give users an improved online shopping experience. This story was updated to include PayPal's AI agent. Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
Mastercard, Checkout.com collaborate to improve money transfers in UAE
has teamed up with Mastercard Move to streamline money transfers and payouts for individuals and businesses in the UAE. By integrating Mastercard Move's money movement solutions, will allow its customers to send funds directly to Mastercard cards. This development will support a variety of use cases, including salary payouts for gig workers, insurance disbursements, wallet cashouts, and refunds. CFI Financial Group, an online trading provider, is one of the first company to adopt the Mastercard Move capabilities through Mastercard EEMEA commercial and new payment flows Mete Guney said: 'At Mastercard, we are dedicated to leading the digital transformation in the markets we serve, and our collaboration with is a significant step towards delivering innovative payment solutions for both consumers and businesses. 'Together we will set a new standard for payment technologies in the region, enabling faster, more secure payment flows that meet the evolving needs of our customers.' MENA general manager Remo Giovanni Abbondandolo stated: 'Mastercard is our trusted partner in modernising the payment ecosystem worldwide, and we are delighted to enhance the relationship through our integration with Mastercard Move. This collaboration will strengthen our offerings and position us at the forefront of digital payment innovation in the region.' This move builds upon a previous collaboration between the companies in May 2024, which introduced virtual cards to travel agents in supporting online travel agencies (OTAs) and other travel sector businesses involves in B2B payments with cards. Mastercard Move is designed to enhance various payment experiences, including person-to-person transactions, business payments, and disbursements. The service extends across 180 countries and supports over 150 currencies. Earlier this month, Mastercard launched Mastercard One Credential, a unified digital payment solution offering consumers multiple payment options. "Mastercard, collaborate to improve money transfers in UAE " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
