Cards and ACH Assume Humans, Agent Payment Rails Target Stripe's Weakness(techcrunch.com)
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Plain summary
- Natural, which builds agent payment rails, raised $30 million in a Series A led by Forerunner, with a post-money valuation around $150 million.
- Cards and ACH are designed assuming human approval, so autonomous agents have no way to pay on their own.
- While approval can be solved with technology, liability and refunds are not defined in code.
- The company that convinces who and how to protect in case of incidents will win this game.
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