Getnet, a global merchant payments platform under Santander, has unveiled an innovative infrastructure allowing businesses to process payments initiated by artificial intelligence (AI) agents. The integration of AI technology in payment processing signifies a notable step in modernizing commercial transactions. This advancement provides businesses, especially those with existing AI infrastructure, with the capabilities to engage in seamless agentic commerce, therefore enhancing operational efficiency.
Previously, Mastercard (NYSE:MA) and Santander achieved a milestone by completing Europe’s first live payment using an AI agent within a regulated framework. This transaction underscored the potential of AI systems to autonomously conduct transactions, marking a significant development in financial technology. Furthermore, a partnership between Visa (NYSE:V) and Santander in Latin America resulted in a pilot for agentic commerce, showcasing the evolving nature of consumer transactions facilitated by AI technology.
What Lies Ahead for Merchant Payments?
Getnet has announced its plans to expand its current offerings to accommodate smaller businesses, enabling them to access agentic commerce experiences without investing in their own AI infrastructure. This approach aims to democratize access to advanced payment solutions across diverse business sizes. Businesses employing their own AI agents benefit from a secure, interoperable, and protocol-agnostic platform, linking seamlessly to Getnet’s global payments infrastructure.
How Do AI Agents Foster Trust in Commerce?
The safety and authenticity of transactions remain crucial as AI agents play a more significant role in commerce. Through solutions like Mastercard Agent Pay, the risk of unverified transactions is mitigated, as the system emphasizes security and verified intent. This system ensures partners like Getnet can develop innovative solutions with assured safety.
“Our goal is to provide the infrastructure that enables merchants, platforms and AI agents to operate securely, interoperably and at scale,” said Getnet CEO Juan Franco.
Getnet is progressing towards integrating with Visa Intelligent Commerce, further enhancing its capacity to support agentic commerce. This integration will allow Getnet to provide a broader scope of services, ensuring a secure and efficient payment experience. Mastercard’s initiative aligns with this by offering a solution that facilitates trust in agentic payments
“As AI agents take on a more active role in commerce, trust becomes the foundation of every transaction,” said Pablo Fourez, Mastercard’s Chief Digital Officer.
The collaboration between major financial technology companies like Visa and Mastercard with Santander highlights significant advancements in AI-powered commerce. Their joint efforts offer insights into a future where transactions may increasingly rely on AI systems. As the technology evolves, both security and interoperability will be crucial elements for its broader adoption.
AI-driven technologies are becoming integral in modern commerce. Getnet’s new infrastructure represents a significant direction in future payment solutions for diverse businesses. With continual advancements and collaborations in the field, AI agents could change transaction dynamics further, benefiting both consumers and merchants. Incorporating AI in payments could enhance transaction speed, security, and convenience, posing potential shifts in the way businesses handle payments.
