Back to feed

Waller, Payments in the Age of AI Agents

Federal Reserve (Speeches & Testimony)

Sep 29, 2026

9/29/2026

Trusted Delegation Of Payment Authority Is The Key To Scaling Agent-Based Commerce

Waller, Payments in the Age of AI Agents · Federal Reserve (Speeches & Testimony)

Business, Finance & Industries · Sep 29, 2026

Autonomous shopping will scale only when payments can safely verify an agent’s authority, assign liability, detect agent-specific fraud, and enforce granular consumer controls; assisted commerce will likely precede fully delegated purchasing.


9/29/2026

Agentic Commerce Could Alter Payment Rails And Market Structure By Favoring Low-Fee Micropayments And Interoperable Standards

Waller, Payments in the Age of AI Agents · Federal Reserve (Speeches & Testimony)

Business, Finance & Industries · Sep 29, 2026

Agentic commerce could reshape payment economics and e-commerce power by increasing demand for low-cost micropayments, while interoperability versus platform-controlled standards may determine merchant bargaining power, consumer choice, and who captures distribution.


9/29/2026

AI Improves Compliance Throughput And Operational Efficiency In Cross-Border Payments By Augmenting Core Controls

Waller, Payments in the Age of AI Agents · Federal Reserve (Speeches & Testimony)

Business, Finance & Industries · Sep 29, 2026

AI’s near-term value in cross-border payments is expected to come from improving compliance efficiency and optimizing routing and treasury operations, while augmenting rather than replacing traditional risk controls. LLMs could reduce false positives and focus investigators on high-risk cases, but success depends on strong data, governance, and hybrid integration with existing systems.