Visa Inc. and Fiserv, Inc. announced a partnership that integrates Visa’s Intelligent Commerce platform and Trusted Agent Protocol into Fiserv’s agentic ecosystem, allowing merchants who use Fiserv’s Clover and other payment solutions to accept transactions initiated by artificial‑intelligence agents. The integration provides a secure framework that verifies agent identity, protects payment data, and embeds Visa’s tokenization, authentication, and fraud‑detection capabilities into Fiserv’s merchant network.
The partnership comes at a pivotal time for both firms. Fiserv’s Q3 2025 earnings report revealed a miss on adjusted earnings per share and a sharp cut in full‑year guidance, prompting the company to launch a “One Fiserv” restructuring plan aimed at cost discipline and revenue diversification. In contrast, Visa reported a strong Q4 2025 quarter, with net revenue up 12% to $40 billion, and continued to invest heavily in its “Visa as a Service” stack, positioning the company to monetize new services beyond traditional interchange fees.
Strategically, the deal places both companies at the forefront of agentic commerce—a rapidly expanding market where AI agents act on behalf of consumers to browse, compare, and purchase goods. By combining Visa’s security and authentication expertise with Fiserv’s extensive merchant base, the partnership creates a trusted, scalable platform that can accelerate adoption of AI‑driven transactions and open new revenue streams for both firms. For Fiserv, the collaboration offers a way to offset recent earnings pressure by tapping into a high‑growth segment; for Visa, it expands the reach of its Intelligent Commerce services beyond its own network and deepens its presence in the emerging payments ecosystem.
Merchants using Fiserv’s Clover platform will be able to adopt the integrated solution in the first quarter of 2026, as Fiserv plans to roll out the protocols across its merchant network. While the exact rollout schedule is not yet public, the partnership signals a clear timeline for bringing AI‑enabled payment capabilities to a broad base of small‑ and medium‑sized businesses.
The agentic commerce space is becoming increasingly competitive, with Mastercard also developing its own agent protocols and several fintech startups entering the market. Fiserv’s dual partnership with both Visa and Mastercard reflects a strategy to offer comprehensive solutions to merchants, while the market is projected to grow at a compound annual growth rate of 25% over the next five years, driven by rising consumer adoption of AI assistants and the need for secure, automated payment flows.
Sanjay Saraf, SVP and Global Chief Product Officer for Merchant Solutions at Fiserv, said the collaboration “simplifies entry into the Agentic Commerce ecosystem, giving Clover and Fiserv merchants, as well as our ISV and ISO partners, the tools to capitalize on the groundbreaking experiences while fostering trust and safety.” Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, added that “through Visa Intelligent Commerce and our Trusted Agent Protocol, we are building trust into every layer of the agentic commerce experience, and partners like Fiserv are essential to scaling these secure, innovative solutions for merchants and consumers worldwide.”
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