Fiserv and Mastercard announced they are expanding their partnership to support agentic commerce, which the companies define as a model in which AI agents can initiate and complete transactions on behalf of consumers under defined security and governance controls.
As part of the agreement, Fiserv will become one of the first large payment processors to deploy Mastercard’s Agent Pay Acceptance Framework at scale. The framework is designed to allow AI-driven transactions while maintaining established safeguards such as authentication, tokenization, and fraud prevention.
Fiserv plans to integrate with Mastercard’s Secure Card on File solution and act as a network token requestor for merchants and partners. The approach is intended to enable AI agents to transact across payment networks without exposing underlying card credentials, while giving merchants visibility and control over how transactions are initiated.
The companies say the integration is aimed at helping merchants adopt AI-enabled payment experiences without fundamentally altering their existing customer relationships. For processors and automation vendors, the partnership highlights how agent-based commerce is increasingly being layered onto existing payment infrastructure rather than introduced as a separate channel.
“Fiserv and Mastercard are working together to establish the foundation for secure, intelligent, and interoperable agentic commerce experiences,” said Sanjay Saraf, SVP and global chief product officer, merchant solutions at Fiserv. “Together, we are enabling merchants of all sizes to confidently participate in this new era of commerce, leveraging trusted standards and programmable payments to unlock growth.”
The move builds on prior collaboration between the two companies, including work related to stablecoins and small business enablement.