What is blind credit in SAP FIN-FSCM-DP-DP - Digital Payments?

SAP Term: blind credit

• Component: FIN-FSCM-DP-DP

• Component Name: Digital Payments

• Description: Accounts Receivable FI-AR Credit made to a payment card without reference to a previous payment transaction, for example in the case of a credit memo without reference to a specific invoice.

Smart SAP Assistant

• Key Concepts: 
  Blind credit is a payment method in SAP Digital Payments that allows customers to pay for goods or services without providing their credit card information. Instead, the customer provides a unique code that is used to authorize the payment. This code is generated by the customer's bank and is sent to the merchant. The merchant then uses this code to process the payment without having access to the customer's credit card information. 
  
  How to use it: 
  To use blind credit, customers must first generate a unique code from their bank. This code is then sent to the merchant, who will use it to process the payment. The merchant does not have access to the customer's credit card information, but can still verify that the payment has been authorized. 
  
  Tips & Tricks: 
  When using blind credit, it is important to ensure that the code is kept secure and not shared with anyone else. Additionally, merchants should always verify that the code has been authorized before processing the payment. 
  
  Related Information: 
  Blind credit is similar to other payment methods such as Apple Pay and Google Pay, which also allow customers to pay without providing their credit card information. However, blind credit is unique in that it does not require any additional hardware or software for merchants to use it.