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Mastercard exec says AI agents helping you make your next purchase could be key to solving online shopping’s $750 million fraud problem

Fortune LogoFortune1d ago

Mastercard exec says AI agents helping you make your next purchase could be key to solving online shopping’s $750 million fraud problem - Fortune

Quick Summary:

Jorn Lambert, Mastercard’s chief product officer, said people will increasingly buy things with the help of AI.

Mastercard’s Agent Pay also aims to reduce fraud by tracking the entire process of a transaction using cryptography and “tokens.“By doing that tokenization, even if a bad guy gets their hands on that credential, we can bind it back to its origin,” said Lambert.

AI is more than just creating funny images and getting prompt responses.


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Mastercard exec says AI agents helping you make your next purchase could be key to solving online shopping’s $750 million fraud problem - Fortune (Picture 1)

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Article Details

Author / Journalist: Marco Quiroz-Gutierrez

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 13:17:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 96 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28568286

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About Fortune

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 9 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

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Publisher ID: #95

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