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AI Merchant Payment Processing: The Battle for a Secure Processor

Segpay

The EU AI Act classifies AI systems into four different risk levels: unacceptable, high, limited, and minimal risk. This article dives into the challenges faced by AI companies in search of an AI merchant payment processing service provider and how to overcome this hurdle.

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PayFac Model 101: Payment Facilitators Explained

Exact Payments

A payment facilitator, or PayFac, is a type of merchant services provider (MSP) that equips merchants with payment processing capabilities. In other words, it enables businesses to start processing electronic payments. The other path to PayFac is to buy a PayFac-as-a-Service, or PFaaS, solution.