The Payment & Clearing Association of China has issued a self-discipline convention for AI agent payment applications, setting rules for how member institutions use large models and other artificial intelligence agents to initiate and execute payment instructions in payment scenarios. The document applies to banks, non-bank payment institutions, clearing institutions and other relevant members carrying out such applications. It states that entities providing payment services must take responsibility for those services, while also implementing requirements covering cybersecurity, data security and privacy protection. The convention also calls for a Know Your Agent, or KYA, framework, graded management of AI agents and an end-to-end identity transmission mechanism. In addition, it highlights model robustness, traceability, anti-money laundering and anti-fraud controls, and requires stricter authorization and risk-control measures for groups including elderly people and minors. The convention took effect on the date of its release.
The Payment & Clearing Association of China has issued the Self-Discipline Convention on AI Agent Payment Applications, setting rules for member institutions that use large models and other artificial intelligence agents to initiate and execute payment instructions in payment scenarios.
Under the convention, banks, non-bank payment institutions, clearing institutions and other entities conducting AI agent payment applications are required to follow the principle that whoever provides the payment service is responsible for it. The document also requires them to implement cybersecurity, data security and privacy protection measures.
The convention proposes a Know Your Agent, or KYA, framework, graded management for AI agents and an end-to-end identity transmission mechanism. It also calls for stronger model robustness and traceability, as well as anti-money laundering and anti-fraud controls. For groups such as elderly people and minors, the document requires stricter authorization and risk-control measures. The convention took effect on the date of its release.
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