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

SAP Term: customer collector

• Component: FS-PE

• Component Name: Payment Engine

• Description: Collector for internal payment items whose creation is agreed upon with bank customers for example, major customers. The payment items are posted in a total in one turnover that references the customer collector. During the collector closing of a customer collector, a payment order payment advice category is transferred with the collected line items to the Output Manager.

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• Key Concepts: 
  Customer Collector is a component of the SAP FS-PE Payment Engine. It is used to collect payments from customers and manage the payment process. It allows customers to make payments online, via direct debit, or through other payment methods. The customer collector also provides a secure environment for customers to make payments. 
  
  How to use it: 
  The customer collector can be used to collect payments from customers. It can be integrated with other SAP components such as the SAP ERP system, allowing customers to make payments directly from their accounts. The customer collector also provides a secure environment for customers to make payments. 
  
  Tips & Tricks: 
  When using the customer collector, it is important to ensure that all customer information is kept secure and confidential. Additionally, it is important to ensure that all payment information is accurate and up-to-date. 
  
  Related Information: 
  The customer collector is part of the SAP FS-PE Payment Engine, which is a comprehensive payment processing solution for businesses. The Payment Engine also includes components such as the Payment Manager, Payment Processor, and Payment Gateway.