Federal Reserve (Speeches & Testimony)
Sep 29, 2026
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.
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.
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.