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NEW YORK – J.P. Morgan Payments is partnering with Mirakl Nexus to enable AI agent checkout, providing secure payment processing, tokenization, and fraud protection for merchants at enterprise scale.
This move underscores the growing importance of secure and scalable payment solutions in the burgeoning field of agentic commerce, where AI agents automate shopping and payment processes. “As agents move from browsing to buying, the differentiator won’t be AI — it will be governance: identity, consent, limits, and interoperability at global scale,” said Mike Lozanoff, global head of merchant services at JP Morgan Payments.
J.P. Morgan and Mirakl Team Up
The partnership leverages Mirakl’s marketplace expertise and J.P. Morgan Payments’ global payment infrastructure. J.P. Morgan Payments recently announced a global agreement with Mirakl to facilitate agentic commerce for merchants. This collaboration aims to provide a seamless and secure checkout experience for AI agents, addressing key concerns around fraud and data protection.
The integration will allow merchants using the Mirakl platform to easily accept payments from AI agents, while benefiting from J.P. Morgan’s robust security measures.
Visa and Mastercard: Collaboration and Competition
Visa and Mastercard are also actively shaping the agentic commerce landscape. Both companies are collaborating with Stripe and Google to establish industry standards for agentic shopping and payments. These standards aim to ensure interoperability and security across different platforms and AI agents.
However, Visa and Mastercard are also competing to offer their own unique agentic commerce solutions. This includes developing new payment methods and security protocols specifically designed for AI-driven transactions.
OpenAI Rethinks Direct Sales
OpenAI is scaling back its plan to let people buy products directly inside ChatGPT. Instead, the company is routing transactions through third-party apps. This shift suggests a recognition of the complexities involved in managing secure and reliable payment processing within a large language model.
The move also highlights the importance of partnering with established payment providers and platforms to ensure a smooth and secure checkout experience.
Background: The agentic commerce space is rapidly evolving, with major players like Amazon also vying for dominance. The focus for developers is now on building secure, scalable, and interoperable solutions for AI-driven transactions.
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Frequently Asked Questions
J.P. Morgan Payments and Mirakl Nexus have partnered to enable AI agent checkout capabilities. This collaboration aims to streamline the payment and checkout experience by leveraging artificial intelligence technology.
AI agent checkout technology can improve the customer experience by automating and simplifying the purchasing process. It allows for faster transactions and can handle complex multi-vendor transactions more efficiently.
J.P. Morgan Payments is JPMorgan’s payments division, while Mirakl Nexus is a platform focused on marketplace and commerce solutions. Together, they combine their expertise in payments processing and marketplace technology to deliver integrated checkout solutions.
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