Fed’s Waller Says AI Shopping Changes What Banks Need to Authenticate

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Federal Reserve Governor Christopher Waller stated that agentic commerce shifts authentication challenges toward verifying an AI agent's delegated authority to pay within set limits. He identified authentication, liability, and fraud as primary barriers to scaling autonomous agent transactions, particularly in higher-value B2B payments. Payment networks including Visa and Mastercard are currently building infrastructure to bind credentials and verify user intent for software agents.