What is collector in SAP FS-PE - Payment Engine?

SAP Term: collector

• Component: FS-PE

• Component Name: Payment Engine

• Description: Collection of payment items based on a clearing agreement that has been set up with a business partner. Collectors are transferred in an outgoing payment order for further processing to a format converter. The collectors are then posted as one total. An outgoing payment order is generated with individual item information to enable this information to be passed on to the customer.

Smart SAP Assistant

• Key Concepts: 
  A collector is a component of the SAP FS-PE Payment Engine. It is responsible for collecting payment information from customers and other external sources, such as banks, and storing it in a secure database. The collector also processes the payment information and sends it to the appropriate payment processor. 
  
  How to use it: 
  The collector can be used to collect payment information from customers and other external sources. This information can then be stored in a secure database and processed by the payment processor. The collector can also be used to send payment information to the appropriate payment processor. 
  
  Tips & Tricks: 
  When using the collector, it is important to ensure that all payment information is securely stored in the database. Additionally, it is important to ensure that all payment information is sent to the appropriate payment processor in a timely manner. 
  
  Related Information: 
  The SAP FS-PE Payment Engine is a comprehensive solution for managing payments and processing payments. It includes components such as the collector, payment processor, and payment gateway. Additionally, it provides features such as fraud detection, customer service, and reporting.