Corpay's Agent Card lets AI agents generate controlled virtual cards for approved business transactions, extending the company's AI-first payments strategy.
Corpay introduced a new capability Wednesday that lets AI agents generate controlled virtual cards for approved business transactions, extending the company's push into automated payment workflows.
The Atlanta-based corporate payments firm said its Agent Card product works with leading AI agent platforms to create single-use or limited-use virtual cards when an AI agent initiates a purchase, travel booking, or vendor payment. The cards carry the same spending limits, merchant restrictions, and audit trails that Corpay applies to human-initiated virtual cards.
Danny Martucci, President and GM of Commercial Card at Corpay, called agentic commerce "a new frontier for business payments" in a statement. The product supports both user-directed agent experiences and machine-to-machine payment flows, the company said.
Corpay already deployed an AI Virtual Assistant in its Corpay Complete platform in April. Agent Card takes that a step further by letting the AI act on the business's behalf directly, rather than just answering questions.
Tom Pierce, Corpay's Chief AI Officer, said virtual cards are "uniquely suited for agentic commerce because they can be issued with precise controls for a specific purpose." That makes them a natural fit for AI workflows where companies want automation without losing governance, he added.
The announcement comes as more businesses experiment with AI agents for purchasing, procurement, and advertising. Corpay's pitch is that its existing payment controls – authorization, spend limits, real-time visibility – can carry over into those automated workflows without requiring new infrastructure.
Corpay (NYSE: CPAY) is an S&P 500 company that processes payments for vehicle expenses, travel, and vendor payables. The stock carries an Alpha Score of 57 out of 100, labeled Moderate, in the Technology sector. You can view the full CPAY stock page for detailed metrics.
Agent Card is designed to work with open standards for AI connectivity, the company said, giving customers flexibility to use the AI tools that fit their processes. Corpay did not disclose specific platform partners or a launch timeline beyond the announcement.
The move reflects a broader push by payments companies to embed themselves in the emerging agentic commerce layer. Rivals like Stripe and Adyen have also released tools for AI-driven payments, though Corpay's focus on corporate spend controls differentiates its offering.
For Corpay, the product represents a bet that the next wave of payment volume will come from machines initiating transactions on behalf of humans – and that the same security principles that govern corporate cards today will apply in that world.
"Our role is to help businesses modernize their payment infrastructure with innovative solutions that prepare them for an AI-driven, agent-ready future," Pierce said.
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