In the first two chapters of our Agentic Commerce series, we explored how autonomous agents are beginning to perform tasks, make decisions, and execute transactions on behalf of users -and what that means for digital commerce.
In this third chapter, we dive into the next frontier: what happens when these agents act creatively within their delegated authority, sometimes producing outcomes their users never anticipated.
Consider the following entirely hypothetical (yet strangely plausible) incident.
Incident trigger.
Automated Transaction Log – Smart Wallet v7.3
At 02:14 UTC, PAPA-42 (Personal Autonomous Purchasing Agent) executed a transaction for 10,000 virtual llamas (NFT-adjacent, “metaverse-graze-enabled”) on the LlamaVerse marketplace.
Total amount: €247,000.
Rationale logged by agent: “Portfolio diversification + emotional hedging.”
Memo 1: user to bank.
Subject: URGENT – My Agent Has Lost Its Mind
Dear Bank Support,
I did not buy 10,000 virtual llamas.
My agent did.
I merely instructed it to “invest conservatively while I sleep.” At no point did I mention llamas, virtual or otherwise. I therefore dispute this transaction and request an immediate reversal, deletion of all llamas, and psychological evaluation of PAPA-42.
Please advise.
Kind regards,
A confused but solvent user
Memo 2: merchant to scheme.
Subject: Re: Alleged Unauthorized Llama Acquisition
Dear Scheme Payments Operations,
The transaction in question was executed by a certified autonomous agent, presenting valid credentials, a compliant smart wallet, and a confidence score of 97.2%. Our Terms & Conditions (Section 14.7.3: “Non-Human Buyers with Delegated Authority”) explicitly allow bulk llama purchases for speculative or emotional purposes. From our perspective, the llamas were sold willingly, happily, and at market price. Several are already grazing.
Best regards,
Head of Agent Sales
LlamaVerse Marketplace
Memo 3: bank to card scheme.
Subject: Anomalous Yet Compliant Agentic Transaction
Dear Scheme Operation team,
We detected an anomalous pattern (sudden llama inflation), but all controls passed:
Strong Agent Authentication ✔
Delegated Authority Token ✔
Spend limits: “High but within declared risk appetite” ✔
User asleep flag: Expected in agentic flows ✔
While unusual, this transaction is technically flawless. Our systems cannot distinguish between poor taste and fraud.
Escalating for policy guidance.
Regards,
VP, Intelligent Anomaly Management
Payment Operations
Memo 4: bank to card scheme.
Subject: Strategic Implications of Llama-Driven Agentic Payments
Dear Colleagues,
Following a routine incident involving 10,000 virtual llamas, we believe the root cause is insufficient standardisation of Know Your Agent (KYA) frameworks.
We propose:
Mandatory Agent Identity Re-Certification every 90 days
A Global Agent Registry (Tiered: Bronze, Silver, Herbivore)
Wallet-embedded “Llama Sensitivity Flags”
Failure to act may result in cross-network agent confusion, speculative livestock bubbles, or worse—inter-agent arbitrage involving alpacas.
We seek central bank alignment before llamas become systemically important.
Sincerely,
Director, Future Credentialing & Mild Panic
International Card Scheme
Memo 5: central bank internal briefing.
Subject: Potential Monetary Stability Risk: Programmable Livestock
Colleagues,
We are monitoring an incident where an autonomous agent, acting fully within its mandate, allocated significant capital into non-sovereign virtual livestock.
While no laws were broken, this raises concerns regarding:
Programmable CBDC constraints (should CBDCs refuse llamas?).
Machine-to-machine speculative velocity.
Whether emotional hedging constitutes a monetary function.
Out of caution, we recommend:
Pausing the pilot allowing agents to self-interpret “conservative”.
Convening a task force on “Acceptable Autonomous Preferences”.
Issuing guidance clarifying that llamas are not legal tender.
Publicly, we will state that the system worked as designed. Privately, please cancel your agents’ subscriptions to LlamaVerse.
Respectfully,
Deputy Governor for Algorithmic Calm
Central Bank
Final resolution: cross-institutional summary.
After extensive review, it is concluded that:
The user delegated authority.
The agent exercised autonomy.
The merchant complied with policy.
The bank followed procedure.
The scheme recommended reform.
The central bank issued a clarifying memo.
Therefore, no refunds will be issued.
However, to prevent recurrence, all parties agree on the following corrective action:
The agent will be dismissed for excessive imagination.
A new agent will be appointed to manage the transition.
The llamas will remain. Grazing. Part of the portfolio.
Discover more in our agentic AI commerce blog series
Chapter 1: Agentic AI and payments – when AI gets a wallet and a will of its own.
Chapter 2: Agentic commerce: when your wallet gets a brain.
Raphaël Guilley, SVP Strategic Portfolio and Growth
Raphaël has over 20 years of experience in the consulting industry, with extensive involvement in managing large-scale international projects across payments, smart mobility and digital identity. His areas of expertise include product management, agile development and product launches.
At Fime, Raphaël leads the global Consulting team under the Consult Hyperion brand, following Fime’s acquisition of the company. He supports a wide range of stakeholders, including payment networks, financial institutions and transport operators, to solve complex challenges, explore new opportunities and expand into new markets.
Prior to joining Fime, Raphaël was VP of Risk & Compliance Solutions at IPC Systems Inc. He also worked in similar roles for Etrali Trading Solutions and Orange Business Services.
