E-commerce service providers Arcade.dev and Lithic join forces for the development of digital sales agents
In a groundbreaking development, Arcade.dev and Lithic have announced a partnership to create the world's first AI e-commerce application. This innovative collaboration aims to revolutionize online shopping by making AI central to a personalized, seamless, and highly secure shopping experience.
The partnership's key goals include the development of AI shopping agents that can autonomously find products, compare options, and handle checkout in one integrated process. This streamlined approach is expected to significantly enhance user convenience and efficiency, surpassing manual online shopping navigation.
To ensure security, the collaboration is utilizing Lithic's card processing platform and a novel "just-in-time auth" approach. This system creates a single-use credit card specific to the merchant and purchase amount at checkout, thereby limiting payment permissions strictly and securely. This innovative approach addresses major security challenges in AI-driven commerce.
The payment method enabling secure, agent-driven transactions will be open-source, allowing developers broadly to build AI commerce agents with trusted checkout capabilities. This open-source technology is a significant step towards realizing the multi-trillion dollar transformation in AI-native commerce, as stated by Lithic Co-founder and CEO, Bo Jiang.
The partnership also aims to enhance trust and fraud prevention by authenticating payments in real-time with tightly controlled payment permissions. By reducing risks of fraud and data breaches commonly seen in online purchases, the partnership is reshaping e-commerce, potentially leading to new standards in how consumers interact with online retail and payments.
Arcade.dev is building the essential authentication and authorization layer that allows AI agents to securely transact across a broad catalogue of merchants and platforms. The new AI e-commerce application will allow AI agents to search, compare products, and check out in a streamlined process, revolutionizing how consumers discover and evaluate products online.
"Just-in-time auth" ensures that AI agents can only access the exact payment permissions they need precisely when they need them. This approach eliminates the friction in AI-native transactions, allowing for a more seamless and efficient shopping experience.
Arcade.dev's Co-Founder and CEO, Alex Salazar, stated that security is the foundation of any reliable agent capable of taking real action. The company aims to build a future where consumers don't think twice about an agent making a purchase for them.
The new AI e-commerce application is creating the first truly secure payment rails for AI agents. At checkout, the application creates a single-use credit card bound to the exact merchant and price of the user's cart. This innovative approach is intended to deliver a comprehensive AI-powered commerce experience, including the ability for AI agents to securely complete purchases on behalf of users.
The partnership between Lithic and Arcade continues to focus on delivering comprehensive AI-powered commerce. Through Arcade's efforts, the new AI e-commerce application is moving towards enabling highly trustworthy AI-driven commerce for Lithic clients. This collaboration is set to reshape the e-commerce landscape, offering consumers a more personalized, seamless, and secure shopping experience.
On ffnews.com, the partnership between Arcade.dev and Lithic is developing technology for an AI e-commerce application that aims to revolutionize online shopping. This innovative collaboration is building AI shopping agents capable of autonomously finding products, comparing options, and handling checkout in one integrated process. The integrated payment method, enabled by Lithic's card processing platform and 'just-in-time auth' approach, ensures secure, agent-driven transactions.
