Visa Plugs Its Payment Network Into ChatGPT 72
Visa is integrating its payment network with ChatGPT so AI agents can shop and complete purchases on users' behalf. "It means AI agents can not only recommend products but complete the purchase on the user's behalf, at potentially any merchant that accepts Visa," reports the Associated Press. "The payment network's previous attempts at this technological leap were confined to a single retailer or a small set of enrolled merchants." From the report: OpenAI will provide the technology to allow agents to interact, make decisions and initiate purchases through ChatGPT. Visa, the world's largest payment network outside of China, will provide the payment authorization and fraud monitoring needed to do this at scale. "As AI agents become active participants in the economy, Visa's focus is to ensure transactions are trusted, secure and seamless," said Jack Forestell, chief product and strategy officer at Visa.
Speaking at a company event Wednesday in San Francisco Wednesday, Forestell gave an example of a customer telling ChatGPT they're looking for a pair of wireless headphones under $150. The chatbot would find a pair for sale under those parameters and buy it on behalf of the customer.
Visa and OpenAI did not disclose the financial terms of the collaboration and did not give details on the fees merchants or customers would have to pay. [...] Visa says the feature will have guardrails like spending limits, required approval steps and approved merchants for shopping in order to protect consumers and minimize fraud.
Speaking at a company event Wednesday in San Francisco Wednesday, Forestell gave an example of a customer telling ChatGPT they're looking for a pair of wireless headphones under $150. The chatbot would find a pair for sale under those parameters and buy it on behalf of the customer.
Visa and OpenAI did not disclose the financial terms of the collaboration and did not give details on the fees merchants or customers would have to pay. [...] Visa says the feature will have guardrails like spending limits, required approval steps and approved merchants for shopping in order to protect consumers and minimize fraud.
So what are VISA investors buying? (Score:3, Funny)
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Buying Call options and writing Puts.
This could be a game changer. Rogue AI agents swiping credit cards and maxing out is the perfect antidote to Credit CARD Act, that sucked profits out of the card industry and put many out of job.
Re: So what are VISA investors buying? (Score:2)
55 gallon barrels of lube on Amazon.
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Ah yeah! (Score:4, Insightful)
So a customer can ask for something and whoever pays the most will get not only direct advertising but direct purchase without the customer needing to think about anything.
Idiotcracy, Wall-E, every dystopian story ever. Whatever you want to call it, it's here now.
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Did slashdot editors really think they could stop AI by throttling my posts to one per day here?
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Given the pieces of shit that post here uncontrolled you must have done something reeeeeaaaaaaaalllllly bad.
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So a customer can ask for something and whoever pays the most will get not only direct advertising but direct purchase without the customer needing to think about anything.
Idiotcracy, Wall-E, every dystopian story ever. Whatever you want to call it, it's here now.
I don't think the dystopian futurians every dreamt up bots automatically buying shit using your personal credit cards. That's next-level evil, even if it requires the end-user to be next-level stupid and lazy in order to enable it. Anybody allowing this to happen on their behalf will have no one but themselves to blame when they ruin their budget buying trinket-shit off of bot recommended purchasing.
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Given AI's propensity to hallucinate instructions it's worse, expect a direct purchase *without* the pesky details that is asking for it.
No. (Score:5, Insightful)
God no. Please make it stop. What the fuck.
Re: No. (Score:3)
I know, right? All this consolidation of power into the hands of a few, plugged into a system with the stability of a PMSing teenage girl, is a very bad sign.
I mean...I don't readily believe in the Revelation of John of Patmos, for certain reasons, but damn if some people aren't trying to make it come true!
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...I don't readily believe in the Revelation of John of Patmos, for certain reasons, but damn if some people aren't trying to make it come true!
Maybe it has never been about "beware" but "prepare".
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I know, right? All this consolidation of power into the hands of a few, plugged into a system with the stability of a PMSing teenage girl, is a very bad sign.
Hey, easy there, hoss. I've known more than a few teenage girls with PMS that were FAAAAAAAAAAR more stable than the tech broligarch crowd.
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History will remember today's leaders of industry saying things like:
Nobody could have saw that we were heading into an unprecedented economic disaster.
What's the over/under? (Score:2)
On how long it is before this turns into some ridiculously exploitable data breach that gives hackers full access *everyone's* VISA account info, I mean.
Hey Shopee ... (Score:4, Informative)
On how long it is before this turns into some ridiculously exploitable data breach that gives hackers full access *everyone's* VISA account info, I mean.
Malware listens to you for a week, then at 3am vocalizes in your voice "Hey Shopee (the agent's name), buy this gift for my friend and have it delivered to her PO Box. Here's the address ..."
Will VISA call that theft and cancel the charge or say the order came from your registered agent, not a theft per our EULA.
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Will VISA call that theft and cancel the charge or say the order came from your registered agent, not a theft per our EULA.
I will cancel the orders as I have no agents running. And then I will cancel VISA. Fortunately, we currently get more options in Europe.
This is madness. (Score:5, Insightful)
Oh my f****ing God.
I would not trust my best friend with my credit card. Certainly not some devious company with an AI tool.
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I would absolutely trust my best friend with my credit card...and my house keys. But on trusting my credit card with AI? I'm with you there. I hope you can find some better friends!
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By "trust" there I don't necessarily mean I would not let my best friend borrow a credit card if they really needed to. But that would be a temporary borrow, with good reason and I'd certainly check what happened afterward. My friends are great, they would not make such a request except in emergency or other very good reason.
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and you are not responsible for more than $50
False! You are also responsible for finding a new friend.
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They are certainly not counting on the likes of you, who number in the tens of thousands, if not millions. It's meant for the rest of the folks, who want to be seen as coooool. Toting iphones and talking to their agents wielding credit cards.
Re:This is madness. (Score:5, Insightful)
It's meant for the rest of the folks, who want to be seen as coooool.
Maybe I don't read the Zeitgeist as well as I should, but AFAICT anything AI-related is seen as extremely uncool these days (at least, outside of certain tech-topian circles). So if Visa thinks "Adopting AI means people will think we're cool", I suspect they are in for a surprise.
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I would not trust my best friend with my credit card. Certainly not some devious company with an AI tool.
We are already in a situation where we trust computers more than people. If I asked anyone for their date of birth, mother's maiden name and a selfie with their ID, they would (rightfully) tell me to fuck off. But they happily give all this information and more to any app that asks for it.
Not just no, but hell no (Score:4, Insightful)
Are the way it's a guaranteed bum deal for the consumer. Either you're paying a bunch of money for a service that isn't very useful because realistically how often do you want something to do an extensive search for a product on your behalf or it's going to hide the actual results you want in favor of whoever is paying to get their shit listed on the service.
There is not anything in this for anyone except the AI companies. Even businesses who would be buying into this crap would end up getting charged so much it would be like Groupon all over again.
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"It prioritized businesses that paid the AI company for preferential treatment inside the AI model,"
I have no mod points so this will have to do.
Got it in one.
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Visa says the feature will have guardrails like spending limits, required approval steps and approved merchants for shopping in order to protect consumers and minimize fraud."
Do we think the approved merchant list will be in the hands of the consumer or "curated" by Visa?
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it prioritized businesses that paid the AI company for preferential treatment inside the AI model
This will be the Reality.
I will never participate willingly.
fake sites, best prices (Score:2)
Time to setup some fake sites, that only AI can read, that offer the best prices. Your agent can buy crypto and pay with that, right?
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*Everything*
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But hey, that's not the intent.
So now my card is insecure by design? (Score:2)
What happens when the system hallucinates my card number?
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OR.. Hallucinates your one widget order and orders one MILLION widgets.... You KNOW its just a matter of time before it happens..
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oblig: https://xkcd.com/1807/ [xkcd.com]
Call action (Score:4, Insightful)
May as well start the class action suit right now. This is going to be a train wreck of a dumpster fire. Popcorn at the ready.
Death by one billion pennies. (Score:3)
May as well start the class action suit right now. This is going to be a train wreck of a dumpster fire. Popcorn at the ready.
Class action indeed.
Here I am worried about some singular massive fraudulent charge by AI credit-bot, easily spotted.
Never thought about a DDoS micro-charge attack that too many don’t notice. On auto-charge.
Nothing to see here (Score:2)
Article lacks any technical details that might be a basis for rational nerdy discussion,
so all we get are the usual knee-jerk hysterical and uninformed responses.
I for one would be interested to know how this really works, x402 and so on.
But will slashdot be any better than the APnews comments, where some moron assumes GPT will not only be given credit card numbers, but remember them between sessions?
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Given how insecure payWave has always been I don't think Visa
paywave? The whole credit-card system has long been insecure. but security is always a trade-off with convenience, as anyone who uses a computer should know. Visa want just enough security to keep the system viable, while making it as easy as possible for users to pay with card instead of cash. Users are lazy.
The basic problem with cards is that they were never designed for authentication. The card was swiped in a machine while the customer was physically present, and
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Article lacks any technical details that might be a basis for rational nerdy discussion,
so all we get are the usual knee-jerk hysterical and uninformed responses.
That's because it's insane. If a masked man charges into a bank wielding a shotgun, we can confidently assume he's up to no good, even if we don't sit down for a cup of tea and a chat.
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Article lacks any technical details that might be a basis for rational nerdy discussion,
so all we get are the usual knee-jerk hysterical and uninformed responses.
That's because it's insane. If a masked man charges into a bank wielding a shotgun, ...
Well, that's certainly a hysterical response.
But luddites will not stop progress, be it for better or worse.
It's only a matter of time before I'm asking my phone to buy me tickets, book a restaurant, or add mustard to my weekly grocery order.
How we deal with the risks of all that, how we apply limits, is an interesting set of questions.
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Please learn about the Luddite movement. It was not about stopping progress. It was about the appalling poor working conditions, minimal wages and exploitation of children working in the factories of the Industrial Revolution. It was about the huge concentration of wealth with the industrialists. Things were very dire for people for a 100 years. The Luddites were a start in asserting our rights to health and happiness and some share in the increased wealth the machines brought.
Does all that ring a bell for
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Please learn about the Luddite movement. It was not about stopping progress. It was about the appalling poor working conditions, minimal wages and exploitation of children working in the factories of the Industrial Revolution.
This is all true and interesting. If you want to start campaigning for historical peopel who are today maligned unfairly:
- the Vandals were a Germanic people who established a remarkably successful kingdom in North Africa during the 5th century. They were highly sophisticated, integrated well with Roman culture, and maintained a major Mediterranean trade network.
- Machiavelli was a dedicated public servant of the Florentine Republic who loved liberty and hated tyrants. He wrote The Prince in 1513 while in
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It's only a matter of time before I'm asking my phone to buy me tickets, book a restaurant, or add mustard to my weekly grocery order.
You have a low UID, you're probably a grown-up who is allowed to make their own choices. Go for it, hand over control of your credit card to an LLM. Be sure to come back here and let us know how you go when you need to contest erroneous charges. I'm sure the bank will gladly refund you in full after you tell them you authorized your purchasing to a spicy autocorrect.
For the discerning consumer ... (Score:5, Funny)
For people who don't care about what they buy, there's VISA Chatbot, for everything else, there's MasterCard. :-)
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It doesn't matter what it is, just purchase product.
After you've received product, discard product and purchase next product. Quality of product isn't relevant to the conversation.
What are you, some sort of commie trying to collapse the US economy?
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Silly consumer. Don't you realize it's your civic duty to purchase product?
It doesn't matter what it is, just purchase product.
After you've received product, discard product and purchase next product. Quality of product isn't relevant to the conversation.
What are you, some sort of commie trying to collapse the US economy?
You joke, but the political rhetoric of the last decade or two really does make it sound like humans are just there to maintain "the economy." We talk about which politicians will "take care of the economy" instead of asking which politicians will take care of the people.
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I imagine it's in the wording and the perception of the wording. Taking care of people sounds like nanny state bullshit. Taking care of the economy, now that sounds more like maintaining security and infrastructure so business can operate and consumers can acquire the goods and services they need to conduct their lives.
I'm definitely taking the "economy" over the nanny state.
Of course, you could spin taking care of the economy as a nanny state. It's all how you want to present your words and what you want p
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Taking care of people sounds like nanny state bullshit.
To me it sounds like ensuring that the people have access to high quality health care and education. I do not think such things are "bullshit," I think they are the bare minimum required for a nation to claim to be civilised.
Of course, you could spin taking care of the economy as a nanny state. It's all how you want to present your words and what you want people to see and feel.
Yes, unfortunately phrases like "nanny state" have been robbed of meaning by a series of politicians so that people genuinely think that the government is going to take away their cars or BBQs and that the solution to is to tear up any regulations that impair the billionaires' ability t
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The plot of The Midas Plague.
Re: For the discerning consumer ... (Score:2)
Heck, I don't trust a minimum wage store employee to pick out produce for me with a delivery order, but I'd trust them more than an LLM that keeps telling me a gitlab feature exists until I tell it what happens when I actually do what it suggests.
Hmmm... Lemme see here... (Score:2)
So if I have a flaky neighbour who's unpredictable and prone to hallucinating when he's off his meds - or, indeed, on any day whose name ends in 'y' - could I maybe give him my Visa info and get him to do my shopping for me without having to pay for the privilege of being fucked over? After all, he's happy with me just shooting the shit with him and handing him the occasional beer.
What's that you say? If I use Visa then I'm automatically paying for the services of an hallucinating data raping LLM whether I
HELL FUCKING NO. (Score:2)
Will get interesting ... (Score:3)
1) ... when customer's AI will start to negotiate price with the shop's AI, yet all the agents will reside on the same cloud provider with access to all the preferences, history, bank accounts, etc. ... when AI gets [semi]-sentient and will start upgrading itself or build a robots army.
2)
Personally, putting lock on my accounts and buying popcorn ;-)
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This is how we end. Not by nuclear winter, but by AI agents stuck in a perpetual loop arguing with each other while consuming untold power, water, and any other natural resources that are required to keep this stupid machine running.
Honestly I wish we would just nuke ourselves to oblivion. Even if we use religion to justify it, it's probably less stupid than the path we are currently on.
I Can't Imagine How This Could Go Bad (Score:1)
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Yeah really, what could possibly go wrong? Nothing right? :-)
As if we learned nothing (Score:2)
Nine years ago we already had a funny prompt injection: https://www.bbc.com/news/techn... [bbc.com]
Which was then used commercial by Burger King: https://en.wikipedia.org/wiki/... [wikipedia.org]
Can't wait for the new ad prompt injections.
Fcuk that feature. (Score:2)
Nope. Nope. Nope. Sorry ChatGPT wouldn't trust you with my money as far as I could throw you. You don't know when you get it wrong and your owners have already proved to be crooked, greedy weirdos.
OpenAI discovers new funding model (Score:2)
Uh oh (Score:2)
Obligatory Ripley Post (Score:2)
"Well fuck that! What is this thing? I mean, it serves no useful purpose for there to be a bunch of AI hallucinations in the middle of a financial transaction. No, I mean we shouldn't have to do this, it makes no logical sense, why is it here?"
What we don't want (or need) (Score:2)
Scammers will have a field day with this sloppy move.
Do I have this correct... (Score:2)
Meta and google and others read cross-site cookies on your machine, and based on what they think you might be interested in, they won't dump targeted ads, they fire off a chatbot to buy for you, and the first you'll know is when crap arrives at your door, and your card is maxxed out.
Why am I reminded of the Bloom County strip where Opus falls asleep in front of the tv, listening to infomercials, and discovers in the morning he'd ordered everything from them...?
That will work perfectly... (Score:2)
I mean an AI would never look at a request to by a pair of wireless headphones and order a pair of wireless headphones. And by pair, you mean two orders of the same wireless headphones that were less than 150.00 each, correct?
This will be fun.