Modern card platform Highnote unveiled its new Agentic Commerce capabilities this week.
Built using Visa Intelligent Commerce, Highnote’s Agentic Commerce will allow businesses to power AI-initiated payments that feature programmable controls, tokenized credentials, and dynamic authorization.
Headquartered in San Francisco, Highnote made its Finovate debut at FinovateSpring 2022.
Courtesy of a partnership with Visa, Highnote—a modern issuing, acquiring, credit, ledger, and money movement platform—has launched its new Agentic Commerce capabilities this week. Built using Visa Intelligent Commerce, the new offering will enable businesses to securely power AI-initiated payments with programmable controls, tokenized credentials, and dynamic authorization.
The new Agentic Commerce capabilities will allow companies to add payment capabilities to AI agents while enabling software to initiate and execute transactions with predefined rules, spend controls, and approval structures. In a statement announcing the launch, Highnote listed invoice and accounts payable automation, vendor payments, operational spend management, and AI-assisted procurement as some of the initial use cases for the new solution.
“AI is quickly moving from insight to action,” Highnote CEO John MacIlwaine said. “Businesses want AI to do more than recommend or analyze. They want it to initiate and execute real financial workflows. The challenge is making those transactions secure, controlled, and operational at scale. That’s exactly what Highnote is built to do.”
Agentic commerce enables software to participate directly in purchasing and payment decisions based on preset authorization rules. The new capabilities give firms a structured framework for enabling AI-driven transactions with real-time visibility and decisioning across the payment lifecycle. Highnote’s Agentic Commerce offering will also support emerging financial operations powered by AI, such as intelligent procurement, dynamic payment routing, supplier optimization, recurring operational spend, and industry-specific autonomous payment experiences.
“Agentic commerce is already changing how businesses operate,” said Visa VP and Head of Agentic CMS Ivy Lee. “Through Visa Intelligent Commerce, we’re enabling B2B workflows where agents can initiate and complete transactions at scale. Visa provides the underlying infrastructure that makes this possible—handling the complexity so businesses and developers can focus on building differentiated experiences, not payments.”
Headquartered in San Francisco, California, Highnote made its Finovate debut at FinovateSpring 2022. At the conference, the company demonstrated how its modern card platform with a GraphQL-based API enables businesses to make card issuance an embedded capability. The demo also featured the developer experience and financial operations interface that provides control of the payment transaction lifecycle and access to transaction processing data.
Named to the Forbes Fintech 50 for a second consecutive year, Highnote last month unveiled expanded commercial card issuing capabilities for online travel agencies (OTAs), marketplaces, and travel platforms. The new offering enables these platforms to run on Highnote’s commercial card issuing platform, using virtual card programs that are purpose-built for the challenges of travel supplier payments. Highnote’s solution combines issuing, controls, ledger, and reconciliation into a single system in order to deliver faster reconciliation, bolster supplier relationships, and improve unit economics on every transaction.
Photo by Maarten van den Heuvel on Unsplash
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