What is 'payment card category' in SAP AP-PAY - FIN Payment Processing?

payment card category - Overview

• Component: AP-PAY

• Component Name: FIN Payment Processing

• Description: A class of cards used for payment, such as credit card or customer card.

payment card category - Details

• 
  Key Concepts: 
  Payment card category is a component of the SAP AP-PAY FIN Payment Processing module. It is used to classify payment cards according to their type, such as debit cards, credit cards, prepaid cards, etc. This classification helps to ensure that the correct payment processing rules are applied to each type of card. 
  
  How to use it: 
  In order to use the payment card category component, you must first create a payment card category in the SAP system. This can be done by navigating to the “Payment Card Category” tab in the SAP system and entering the relevant information for the payment card category. Once the payment card category has been created, it can be assigned to a specific payment card type in order to ensure that the correct payment processing rules are applied. 
  
  Tips & Tricks: 
  When creating a payment card category, it is important to ensure that all of the relevant information is entered correctly. This includes the name of the payment card category, as well as any additional information that may be required. Additionally, it is important to ensure that the correct payment processing rules are assigned to each payment card type in order to ensure that payments are processed correctly. 
  
  Related Information: 
  For more information on how to use the payment card category component of SAP AP-PAY FIN Payment Processing,