Six banks partner to develop principles for future development of agentic commerce (BAC:NYSE)

Six banks partner to develop principles for future development of agentic commerce (BAC:NYSE)

The banks are NatWest Group (NWG) (RBSPF), ASB Bank, Bank of America (BAC), Capital One (COF), Commonwealth Bank of Australia (CBAUF) (CMWAY), and ING Group (ING) (INGVF).

Banks Call for Audit Trail From AI Shopping Instructions to Payment Outcome

A group of six banks is calling for AI shopping transactions to carry an auditable record of what a customer asked an agent to do and more.

AI shopping agents should declare themselves whenever they pay, six banks propose

NatWest, Bank of America, and four other banks propose that every party to an AI agent purchase knows an agent is involved in voluntary new principles.

NatWest, Bank of America and four peers want AI shopping agents to disclose themselves

On Sept. 22, six banks put out joint principles proposing that all parties to an agentic commerce purchase know when an AI agent is involved in the transaction and who it is acting for. The paper, titled “Building Trust in Agentic Commerce,” was co-authored by NatWest Group, Bank of America,...

Global Banks Collaborate on Principles for Trusted Agentic Commerce

NatWest Group, ASB Bank, Bank of America, Capital One, Commonwealth Bank of Australia and ING Group have today jointly published a shared set of principles to support the development of trusted agentic commerce, helping establish a framework for a future where AI agents could play a greater role in how people choose and pay for products and services.  With banks sitting at the heart of the payment’s ecosystem, connecting consumers, businesses an…