Alchemy's AI-driven identity and payment service gains access to Visa network
Key takeaways
- Agent-native payment protocols are in early adoption with firms like Stripe, Visa and Mastercard (MA) driving hard into this new area, known as agentic commerce.
- “Every major computing shift has produced a new kind of economic actor,” Nikil Viswanathan, co-founder and CEO of Alchemy, said in a statement. “The internet created online businesses.
- By connecting to the Visa system, AI agents will be able to transact using Visa-issued tokens, preserving rewards, credit lines and card benefits without creating new accounts or credentials, according to the statement.
The integration allows AgentCard, a virtual ID and spending card for AI agents, to access Visa Intelligent Commerce to book a vacation, order groceries or renew a subscription, for example, without the consumer ever touching a checkout screen.
Agent-native payment protocols are in early adoption with firms like Stripe, Visa and Mastercard (MA) driving hard into this new area, known as agentic commerce. AgentCard works with agents built on models from any provider, including OpenAI or Anthropic.
“Every major computing shift has produced a new kind of economic actor,” Nikil Viswanathan, co-founder and CEO of Alchemy, said in a statement. “The internet created online businesses. Mobile created the app economy. AI agents are next, and they need to be able to access the global economy, and AgentCard is how that starts.”