What is bank structure data in SAP FS-PE - Payment Engine?

SAP Term: bank structure data

• Component: FS-PE

• Component Name: Payment Engine

• Description: Reference information about a financial institution that is required to perform business transactions with this financial institution, such as name of the financial institution, bank identifier code BIC, and national ID and so on.

Smart SAP Assistant

• Key Concepts: 
  Bank structure data is a component of the SAP FS-PE Payment Engine. It is used to store information about the structure of a bank, such as its branches, accounts, and payment methods. This data is used to facilitate payments between banks and customers. 
  
  How to use it: 
  Bank structure data can be accessed and managed through the SAP FS-PE Payment Engine. This data can be used to create payment orders, which are then sent to the bank for processing. The bank structure data can also be used to track payments and reconcile accounts. 
  
  Tips & Tricks: 
  When setting up bank structure data in the SAP FS-PE Payment Engine, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that payments are processed correctly and efficiently. 
  
  Related Information: 
  The SAP FS-PE Payment Engine also includes other components such as payment methods, payment formats, and payment rules. These components are used in conjunction with bank structure data to facilitate payments between banks and customers.