Visa & ChatGPT: AI to Make Independent Purchases

Visa is integrating its payment network with ChatGPT, allowing artificial intelligence to complete purchases and conduct transactions independently. Users will be able to link their bank cards to ChatGPT, and AI agents will initiate payments through Visa's infrastructure. OpenAI will provide the technology for AI agents to analyze requests and make purchasing decisions. Visa will handle payment authorization, data protection, and fraud prevention. For example, a user could tell ChatGPT they want wireless headphones up to $150, and the AI could independently select and buy a suitable model. Visa acknowledges the need for high user trust and will include control mechanisms like spending limits, mandatory confirmation steps, and purchases only from approved sellers. Disputed situations will be handled like regular card transactions. This development could significantly change how we shop online.