EMVCo Framework Targets Consumer Intent in Agentic Payments

AI summary of the source article

Standards body EMVCo has closed public comments on its Agentic Payments framework, which aims to standardize how consumer intent and AI agent information travel through card payments. Because AI agents can operate under delegated authority established well before checkout, authentication alone does not communicate a consumer's spending parameters. EMVCo's proposal outlines Intent Services to register, retrieve, and manage authorized intent across the transaction lifecycle for processing and dispute resolution. The framework also considers Know Your Agent capabilities and transaction indicators to reliably identify agents and verify their parameters across merchants, issuers, and networks.

Why it matters

Standardizing agent identification and authorized intent helps payment networks, issuers, and merchants distinguish delegated permissions, manage risk, and maintain data needed for dispute resolution when AI agents transact.

Key facts

• EMVCo closed public comments on its Agentic Payments — Framework for Specifications on Sept. 30.
• The framework proposes 'Intent Services' as a shared layer to register, reference, retrieve, and manage consumer-authorized intent across the payment flow.
• EMVCo is considering Know Your Agent (KYA) capabilities and transaction indicators to identify agents and provide operational transparency.