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MRC Online Courses

The EU AI Act and Emerging Regulations

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The EU AI Act and Emerging Regulations is designed to help payments and fraud-prevention professionals understand the EU AI Act and its implications for organizations using AI across fraud prevention, merchant onboarding, credit-related decisioning, customer service, and other payments and risk functions. Explore the Act's structure, risk-based approach, and phased implementation, including how an organization's role in the AI value chain can influence its regulatory obligations.

 

MRC Members: USD $150 (plus applicable taxes)
Non-members: USD $300 (plus applicable taxes)   

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Through practical concepts and industry-related scenarios, participants will examine how different AI use cases may be classified under the Act and identify factors that can increase regulatory requirements. The course also explores governance, oversight, documentation, monitoring, and third-party risk considerations, providing a practical framework to help organizations evaluate their AI use and prepare for evolving regulatory expectations.

By completing this course, you'll gain a foundational understanding of the EU AI Act and its relevance to payments and merchant risk organizations. You'll learn how to distinguish AI risk categories, identify the responsibilities associated with different organizational roles, and assess how common industry use cases may be affected. You'll also explore practical governance and compliance considerations, including documentation, human oversight, monitoring, and third-party risk management, to help you ask the right questions and evaluate AI-enabled systems within your organization.

FAQs

    • Merchants and Retailers using AI in customer-facing, fraud prevention, or operational systems.
    • Payment Service Providers, Acquirers, and Processors deploying or supplying AI-enabled systems across the payments ecosystem.
    • Banks and Financial Institutions assessing AI use across payments, fraud prevention, and credit-related decisioning.
    • Fraud, Risk, and Compliance Professionals responsible for evaluating AI-related risks, regulatory obligations, and internal controls.
    • Legal, Product, Procurement, and Governance Teams involved in AI implementation, vendor oversight, documentation, and organizational policies.
    • Merchants and Retailers using AI in customer-facing, fraud prevention, or operational systems.
    • Payment Service Providers, Acquirers, and Processors deploying or supplying AI-enabled systems across the payments ecosystem.
    • Banks and Financial Institutions assessing AI use across payments, fraud prevention, and credit-related decisioning.
    • Fraud, Risk, and Compliance Professionals responsible for evaluating AI-related risks, regulatory obligations, and internal controls.
    • Legal, Product, Procurement, and Governance Teams involved in AI implementation, vendor oversight, documentation, and organizational policies.
    • Describe the purpose, scope, structure, and phased implementation of the EU AI Act.
    • Distinguish the principal AI risk categories and organizational roles under the Act.
    • Explain how common payments, fraud, merchant risk, customer service, and credit-related AI use cases may be treated differently.
    • Identify factors that may increase regulatory obligations, including the purpose of an AI system and the decisions it influences.
    • Recognize practical governance, oversight, documentation, monitoring, and third-party risk considerations for AI use.
    • Apply a practical set of questions to evaluate AI use cases within your organization.

    Throughout the course, participants will examine practical concepts and industry-related scenarios illustrating how the EU AI Act applies to different AI systems and organizational roles. The course considers both regulatory requirements and the broader operational implications of AI adoption, helping participants connect risk classifications and compliance obligations with governance, oversight, and third-party risk management practices.

    Upon successful completion, participants will receive a certificate of completion recognizing their foundational understanding of the EU AI Act, its risk-based framework, organizational obligations, and practical governance considerations for AI-enabled systems.

    • Describe the purpose, scope, structure, and phased implementation of the EU AI Act.
    • Distinguish the principal AI risk categories and organizational roles under the Act.
    • Explain how common payments, fraud, merchant risk, customer service, and credit-related AI use cases may be treated differently.
    • Identify factors that may increase regulatory obligations, including the purpose of an AI system and the decisions it influences.
    • Recognize practical governance, oversight, documentation, monitoring, and third-party risk considerations for AI use.
    • Apply a practical set of questions to evaluate AI use cases within your organization.

    Throughout the course, participants will examine practical concepts and industry-related scenarios illustrating how the EU AI Act applies to different AI systems and organizational roles. The course considers both regulatory requirements and the broader operational implications of AI adoption, helping participants connect risk classifications and compliance obligations with governance, oversight, and third-party risk management practices.

    Upon successful completion, participants will receive a certificate of completion recognizing their foundational understanding of the EU AI Act, its risk-based framework, organizational obligations, and practical governance considerations for AI-enabled systems.

    • Program Level: Intermediate
    • Program Field of Study: Specialized Knowledge
    • Program Delivery Method: QAS Self Study
    • CPE Credits:1.6
    • Advanced Preparation and/or Pre-requisites: Payment Essentials: Fundamentals is recommended.

    • Program Level: Foundational
    • Program Field of Study: Data, Technology & Analytics
    • Program Delivery Method: QAS Self Study
    • CPE Credits: 3.0
    • Advanced Preparation: No advanced preparation is required. A basic understanding of payments, merchant risk, or AI-enabled systems may be helpful but is not required.
  • Refund Policy: Refunds and cancellations are determined on a case-by-case basis. Cancellations must be communicated in writing to programs@merchantriskcouncil.org. No refunds will be issued once a course has been started.

    Refund Policy: Refunds and cancellations are determined on a case-by-case basis. Cancellations must be communicated in writing to programs@merchantriskcouncil.org. No refunds will be issued once a course has been started.

NASBA Sponsors logo

The Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org