{
  "id": 2332422,
  "title": "Banks Prepare Payments for AI Commerce",
  "url": "https://urgent.news/2026/08/21/banks-prepare-payments-for-ai-commerce",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T08:03:29.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/news/payments-innovation/2026/banks-prepare-payments-for-ai-commerce/"
  },
  "original_language": "en",
  "account": "AI-powered commerce is prompting banks to revamp their payment systems, with artificial intelligence taking center stage in areas like authentication, payment credentials and passwordless transactions. Caio Reis, Thales' vice president of strategy, explains that AI will soon enable autonomous purchases by consumers, meaning banks must be prepared to accept and authenticate these payments. To achieve this, banks should embrace modernization rather than simply moving their existing applications to the cloud. This modernization should focus on creating a flexible payment architecture that can accommodate cutting-edge capabilities, such as identity commerce, which involve shorter software release cycles and simpler technologies. Integration complexity and migration risks are key concerns, as banks attempt to connect new technology with their existing systems. Banks can adopt different migration strategies, such as complete replacement or incremental migration of specific use cases, to minimize operational exposure during the transition.",
  "summary": "Watch more: Need to Know With Thales’ Caio Reis Banks are rebuilding payments systems for transactions that may soon be initiated by software rather than people. That prospect changes what issuers need from the technology beneath a payment. Caio Reis, vice president of strategy at Thales, told PYMNTS in an interview that artificial intelligence purchasing […] The post Banks Prepare Payments for…",
  "key_points": [
    "Banks revamping payment systems for AI commerce",
    "AI enabling autonomous consumer purchases",
    "Banks need flexible payment architecture"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}