payments · CMA AI guidance · UK GDPR · FCA AI Update
Payout Rail / Clear-Before-Wire
Per-withdraw bind at $0.05–$0.25/hop scales to operator millions
—Agent payout + affiliate withdraw fraud
Regulatory exposure — commonly overlooked:
Operator skips gate to reduce friction — owns chargeback and runner fraud. · CMA: you are liable for your AI agent like an employee — applies to every agentic commerce vertical.
TAM / Exposure
Platform rake on every hop — sleep-money shape
Insurance lines
Fidelity · Cyber
Exhibit authority
UK CMA Agent Liability Pack — Operator Payout Authorization Pack