Artificial Intelligence

PYMNTS covers artificial intelligence as it transforms payments, commerce and financial services, from generative AI and agentic commerce to fraud detection, underwriting and customer engagement. Our reporting pairs breaking news with proprietary data and expert analysis to examine how AI is reshaping business models, operational efficiency and competitive dynamics across the connected economy.
Artificial Intelligence
Mastercard Debuts Tool to Help AI Agents Purchase Digital Services
October 20, 2026

Mastercard has launched early access to Agent Pay for Machines, a tool designed to let autonomous artificial intelligence agents purchase digital services. The new offering builds on x402, an open protocol that allows digital services to request payment online, and “connects it with the trust, security...

Artificial Intelligence
Google Offers Gemini Agent to Government Workers
October 20, 2026

After introducing an artificial intelligence (AI) agent for workers in the private sector, Google is shifting its focus to public employees. The tech giant on Tuesday (Oct. 20) announced the preview of its Gemini agent for government services, following the recent launch of Gemini at...

Artificial Intelligence
OpenAI Racing to Raise $30 Billion Ahead of Anthropic Listing
October 20, 2026

OpenAI is reportedly rushing to lockdown investors before chief competitor Anthropic goes public next month. That’s according to a report Monday (Oct. 19) by Reuters, which describes the effort as “unusually fast fundraising” that could bring OpenAI’s valuation to more than $1.4 trillion. Two sources...

Artificial Intelligence
AI Agent Cuts Centalion’s Trade Finance Amendment Time 80%
October 19, 2026

Issuing a bank guarantee at a large commodity trader is still a desk job. A treasury employee checks how much room is left on a credit facility, pulls the banking details from one system, confirms the limits in another and keys the transaction into a...

Artificial Intelligence
Character.ai Bankruptcy Exposes the High Cost of AI Companionship
October 19, 2026

Character.ai, an artificial intelligence (AI) companion platform that lets users chat with AI versions of their favorite characters, filed for Chapter 11 on Oct. 12. About 12 million monthly users could not make it profitable. The company was losing $8 million to $9 million a...

Artificial Intelligence
Circle and Proof Help Businesses Trust AI Agent Transactions
October 19, 2026

Proof and Circle Internet Group said Monday (Oct. 19) that they will demonstrate at Money20/20 how open identity and payment protocols can work together to enable businesses to trust transactions made by agents. The companies’ demo will include an artificial intelligence agent presenting a Proof...

Artificial Intelligence
Big Banks Won’t Let Outside AI Agents Move Money
October 19, 2026

A customer who hands a login to an artificial intelligence agent now gets turned away at four of the biggest names in banking in the United States. Charles Schwab sees the attempts firsthand. Across all its clients, the brokerage blocks the big, unauthorized AI agents,...

Artificial Intelligence
DHS Bans DeepSeek Across Federal Government Networks
October 19, 2026

The Department of Homeland Security (DHS) has issued an order banning federal civilian agencies from acquiring products and services developed by DeepSeek and requiring them to remove the company’s products from their information technology. DHS included these requirements in a notice of order posted Tuesday...

Artificial Intelligence
Nvidia-Backed doubleAI Debuts AI ‘Code Execution’ Models
October 19, 2026

Israeli startup doubleAI is reportedly set to introduce what it describes as a new category of artificial intelligence (AI). The company, whose backers include Nvidia and Dell, calls this new category “code execution” models (CEMs) which place the AI “between code and silicon,” the Wall Street Journal (WSJ) reported Monday (Oct....