TLDR Fintech · NEWS & TRENDS

AMEX WILL PAY FOR AGENT ERRORS, EXCEPT IN THE CASES AGENTS ACTUALLY GET WRONG

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Summary from the TLDR Fintech newsletter

Amex calls Agent Purchase Protection an industry-first commitment to cover Card Member losses from a registered agent's purchase error, for the full transaction amount plus other reasonable charges directly incurred. It is the first time a major issuer has put its name to the liability question agentic commerce has been dodging.