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Launch3h ago

BBVA Completes First AI-Initiated Transaction

BBVA1 min brief

In brief

  • BBVA completed a transaction initiated by an artificial intelligence agent on behalf of a cardholder.
  • The payment was carried out using real card credentials and the systems of an active merchant.
    • This transaction is important because it shows AI agents can securely complete purchases on behalf of cardholders within today's payments infrastructure.
  • The transaction used Visa Payment Passkeys, a biometric authentication method that enables consumers to authorise online payments securely without passwords or SMS codes.
  • 62% of surveyed consumers in Spain use AI to look for gift ideas, research products.
  • The success of this transaction is a step forward for AI-enabled payments and BBVA will continue to explore how these new experiences can be delivered securely and at scale to cardholders.
  • Next steps will be to further develop this technology to deliver seamless and reliable payment experiences.

Terms in this brief

Payment Passkeys
A biometric authentication method by Visa that allows consumers to authorize online payments securely without passwords or SMS codes. It uses fingerprint or face recognition to confirm transactions, making the process faster and more secure.

Read full story at BBVA

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