Mastercard Backs Tokenized Card Payments for Agentic Commerce
By PYMNTS
AI summary of the source article
Mastercard wants AI shopping agents to use tokenized versions of consumers' cards to retain existing account benefits. CEO Michael Miebach addressed these purchase arrangements during the company's third-quarter earnings call.
Why it matters
Tokenized cards are backed for "preserving the payment preferences, rewards and controls attached to those accounts."
Key facts
- Mastercard wants AI shopping agents to use tokenized versions of consumers' chosen cards.
- The approach is designed to preserve payment preferences, rewards, and controls tied to those accounts.
- CEO Michael Miebach noted arrangements that insert separate, one-time virtual cards into agent purchases during Mastercard's third-quarter earnings call.
Source excerpt · PYMNTS
Mastercard wants artificial intelligence shopping agents to use tokenized versions of consumers’ chosen cards, preserving the payment preferences, rewards and controls attached to those accounts. During Mastercard’s third-quarter earnings call Thursday (Oct. 29), CEO Michael Miebach took note of arrangements that insert a separate, one-time virtual card into an agent’s purchase. Mastercard views t…