Agentic Payments

 Agentic Payment is utopia, prove me wrong.

Everything is AI, wherever you go it feels as if it doesn’t have those two letters in its name it is worthless.

In payments we call this new occurrence the “agentic payments”.

Agentic payment means that AI agent initiates payments at will, on its own, autonomously, WITHOUT human interaction.

If someone can point me to the official definition of agentic payments, please, help.

Without human interaction

This is the part I’m struggling with the most. I’m having trouble thinking of a viable use case where I would give access to the wallet where I put the money that I earned with my hands to an “agent” coded by who knows who and with what intentions to spend that autonomously.

Fraud opportunity here is immense, but let’s call that resolved as well; new technology has emerged that resolved the fraud.

I’ll stay open minded here, maybe it’s just me, everyone else - younger generations or whoever is not going to have this trust issue, let’s call that part resolved.

With that sorted out, I’m still trying to think of a use case where I want some agent to spend my money at will, to help me with what exactly?

If we imagine refrigerator that will order some more milk (which milk?) and eggs (what eggs?) from the store (which store) when it finds those are running out, this still involves you making multiple decisions on how you want to spend your money.

If I try to imagine buying clothes online, I bet most of the people decide for themselves what they like and what they want before they spend their money and put those clothes on themselves, this starts from a very early age. If agent asked you to pick one, it’s NOT THE AGENTIC PAYMENT.

Machine to machine commerce - not sure what that even is and does it involve humans at all, but that sounds like terminator is paying to another AI for coal mining to produce the electricity, that part I get, but that part does not involve humans, thus not sure why we humans are hyped about it?

Bottom line to me is, if humans are trading, it will involve humans to make decisions, if humans are not trading, what do humans care about then?

If agentic is really not autonomous ever, then let’s call it what it is, very complicated payment automation that is trying to remove some friction.

We help with the complexity, feel free to reach out!