Who owns checkout Agent purchase protection
Card-linked AI agent payment: who earns interchange, who holds liability, who owns checkout A card tokenized and bound to a specific agent rides card network rails from chat checkout to merchant settlement; the issuer stays creditor of record and earns interchange plus interest, while checkout ownership and liability routing are explored with the controls card network rails token gate interchange · interest clear + settle consumer credit + repayment consumer AG chat / agent platform agent discovers + initiates agent card token bound to this agent rides card rails fee platform fee on top Merchant system of record for checkout owns checkout + fulfillment Issuer — Synchrony creditor-of-record owns credit + default risk earns interchange + interest system of record chat platform: checkout UX only not merchant of record liability · agent of record token binding + purchase protection pre-empts the EFTA gap issuer = dispute clearinghouse bank disputes & errors issuer acts as clearinghouse as agent transactions multiply clearinghouse active