Visa to Secure Payments for Shoppers on ChatGPT in OpenAI Partnership

By Elias Schisgall

Visa will provide secure payment services for shopping within ChatGPT in a new collaboration with artificial-intelligence company OpenAI.

Shoppers who use AI bots powered by OpenAI to buy products will have their purchases secured by Visa's network, security infrastructure and credentialing capabilities, the payments company said Wednesday.

AI-powered transactions using Visa's network would be subject to user permissions and controls, including spending limits and required approvals, Visa said.

The company and OpenAI also will collaborate on enterprise applications using OpenAI's Codex coding assistant as well as "more automated and conversational workflows," Visa said. The partnership is part of the Visa Intelligence Commerce initiative, a push to build secure payment capabilities in AI contexts.

"AI will transform commerce more profoundly than the internet or mobile technology ever did," Visa Chief Product and Strategy Officer Jack Forestell said. "As AI agents become active participants in the economy, Visa's focus is to ensure transactions are trusted, secure and seamless," he added.

OpenAI on Monday said it had filed confidentially for an initial public offering, shortly after rival AI company Anthropic said it had done the same.

News Corp, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI.

Write to Elias Schisgall at [e-mail]

(END) Dow Jones Newswires

06-10-26 1447ET