FINANCE, POLICY & MARKETSPublished by Paul Ivinskas
fc.The Financial CurrentDAILY INTELLIGENCEWhat matters across finance
Back to newsfeed
Official speech · agentic-payment governance

Waller puts authorization, liability and fraud controls at the center of agentic payments

In a September 29 Sibos speech, Federal Reserve Governor Christopher Waller distinguished AI-assisted purchases from transactions delegated to agents. He highlighted authority to pay, responsibility for mistaken purchases, fraud-model recalibration and controls for higher-value business payments. Interoperability across payment rails is another unresolved design question.

1 min read · estimatedAI-generated analysis · Methodology
Related research, policy & entities ↓
0% through article

Tap a dotted-underlined term for a definition. Use Aa in the navigation for reading preferences.

Analysis

Analysis: An agent’s ability to execute a payment makes permission limits, audit trails and dispute handling central product requirements. Banks and merchants should evaluate the delegated instruction, payment authorization and liability allocation separately; successful task completion alone does not prove that a transaction was authorized.

What remains uncertain

These are policy observations, not a new binding rule or independently measured gains from deployed systems. The official page is dated September 29 despite September 28 in its HTML filename.

Sources

Flag an error or suggest a correction →Public corrections log →