JPMorgan Chase is blocking some purchases made by AI agents because it classifies the virtual cards they use as commercial cards. The bank also denies these agents access to customer accounts, except for read-only access through approved providers such as Plaid. Charles Schwab, Citigroup, and Wells Fargo adopted similar restrictions between October 13 and October 20, 2026. Mastercard is criticizing this workaround and instead favors tokenized payments that conceal account credentials from agents and merchants. The shift strengthens the case for payment systems purpose-built for AI-driven commerce.
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