What is QR-IBAN in SAP CA-GTF-CSC - Country-Specific Objects?

SAP Term: QR-IBAN

• Component: CA-GTF-CSC

• Component Name: Country-Specific Objects

• Description: The International Bank Account Number IBAN that identifies the vendor’s international bank account number used during a payment transaction. The QR-IBAN contains the QR-IID bank identification in positions 5-9, using a number range from 30000 through 31999. QR-IBAN must be used for payments with a structured reference. The formal structure of this IBAN corresponds to the rules defined in ISO 13616.

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• Key Concepts: 
  QR-IBAN stands for Quick Response International Bank Account Number. It is a unique identifier for a bank account that is used to facilitate payments and transfers between banks. It is part of the CA-GTF-CSC Country-Specific Objects component of SAP software. 
  
  How to use it: 
  QR-IBAN can be used to quickly and securely transfer funds between banks. It is used in conjunction with other payment methods such as SEPA, SWIFT, and ACH. To use QR-IBAN, the sender must enter the recipient’s QR-IBAN into the payment system. The payment system will then generate a unique QR code that can be scanned by the recipient’s bank to verify the payment. 
  
  Tips & Tricks: 
  When using QR-IBAN, it is important to ensure that the recipient’s bank supports this payment method. Additionally, it is important to double check that the QR code generated by the payment system is correct before sending it to the recipient’s bank. 
  
  Related Information: 
  QR-IBAN is part of the CA-GTF-CSC Country-Specific Objects component of SAP software. This component also includes other country-specific objects such as SEPA, SWIFT, and ACH. Additionally, there are other payment methods available in SAP software such as credit cards and PayPal.