Issuer-Sovereign Agentic Payments
This paper describes a method to keep issuing bank control over agent payments.
This paper describes a method to keep the issuing bank control over agent payments by enforcing spending rules and validating payments.
- Describes a method to keep control with the issuing bank in agent payments
Full article151 words · extracted from arxiv.org · click to collapse
AI agents are beginning to make real payments. Current approaches let an agent pay by relying on a credential provider that, in the approaches deployed today, typically sits outside the cardholder's bank. The spending rules are then enforced by the card network or that provider, and not by the bank itself. This leaves the issuing bank, which carries the financial risk, with little direct control at the moment a payment happens. This paper describes Issuer-Sovereign Agentic Payments, a method that keeps that control with the issuer. The cardholder approves a spending rule once, and the bank's own authentication component records it. Later, when the agent pays a specific merchant, the bank checks the merchant against the approved rule and generates the card authentication value only if the merchant is allowed. The payment then travels the normal card rails and is validated by the issuer, with no extra dependency introduced at execution.
Text extracted automatically; images, tables and formatting may be missing. Original: https://arxiv.org/abs/2609.27452