Payments Daily · Thursday, October 29, 2026Daily
PAY.NEWS
Visa Credentials Reach 5.2 Billion as It Expands Agentic Commerce
Visa disclosed that its number of credentials reached 5.2 billion, up 6% year over year, and plans to nearly double the number of AI partners already in production over the next few months. Meanwhile, AI agents are shopping and paying on behalf of consumers, but banks, card networks, and payment companies have not yet established uniform liability rules; RLUSD was announced as launching on Coinbase and entering Robinhood Chain, and received a Moody's rating.
Stablecoins & On-chain
Ripple Pushes RLUSD Onto Coinbase and Robinhood Chain and Receives a Moody's Rating
Ripple announced that RLUSD will launch on Coinbase and has entered Robinhood Chain, while also receiving Moody's A2 long-term deposit rating and P-1 short-term rating. RLUSD reserves consist primarily of Treasury bills, short-term government debt, and cash, with most of the reserves held in custody by BNY. Ripple plans to maintain reserves at 103% of the tokens in circulation; eligible institutional holders can redeem at par within two business days.
Payments & Agent Economy
AI Shopping Liability Remains Unresolved as Payment Industry Debates Rules for Agent Transactions
AI agents are beginning to shop and pay on behalf of consumers, but banks, card networks, and payment companies have not yet established uniform liability rules. Early Warning Services CEO Cameron Fowler cited his son mistakenly buying an infrared-red coat in the wrong size through Meta's Muse, questioning whether the transaction was authorized by a person and who should be responsible for the error.
PYMNTSWhether AI Agents Can Survive Depends on Permissions and Liability
The article argues that if AI agents access websites, bank accounts, or data without authorization, they may cause businesses to bear expenses, remediation costs, and liability. Amazon, Chase, and others have chosen to restrict external agents, while Walmart sets access requirements, spending limits, and rules for handling violations through Agent Gateway. The article summarizes the future paths for agent collaboration as blocking, charging fees, stopping development, or opening access under explicit invitations and liability protections.
PYMNTSVisa Credentials Reach 5.2 Billion as Payment Network Expands Into Agentic Commerce
Visa disclosed in its fiscal fourth quarter that its number of credentials reached 5.2 billion, up 6% from the previous year, and plans to double the nearly 50 AI partners already in production over the next few months. Visa Pay's coverage has expanded to 11 countries, while Visa Direct's stablecoin prefunding and cross-border funds services have moved from pilots into commercial production, initially supporting USDC.