Washington, Sept. 30 -- Agentic commerce could significantly reshape commerce and payments if adoption scales, but building trust around authentication, liability and fraud will be critical before more autonomous transactions become widespread, Federal Reserve Governor Christopher J Waller said.

Speaking at Sibos 2026 in Miami, Waller said the payments industry was entering an emerging phase in which superintelligence agents could move beyond assisting consumers to independently shop and make payments on their behalf.

"Market participants broadly agree that agentic commerce is in an early phase, but it could significantly reshape commerce and payments if adoption scales," Waller said.

He outlined two broad models. In the agent-assisted...