What is real time gross settlement plus in SAP FS-PE - Payment Engine?

SAP Term: real time gross settlement plus

• Component: FS-PE

• Component Name: Payment Engine

• Description: The Federal Reserve Wire Network, commonly known as Fedwire, is a real-time gross settlement system RTGS operated by the U.S. Federal Reserve Banks. It is used to process high-value and time-critical transactions both domestically and internationally.

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• Key Concepts: 
  Real Time Gross Settlement Plus (RTGS+) is a payment engine component of the SAP Financial Services Payment Engine (FS-PE). It is a payment processing system that enables financial institutions to process payments in real time. It is designed to provide a secure, reliable, and efficient way to process payments. 
  
  How to use it: 
  RTGS+ can be used to process payments in real time, allowing for faster processing and settlement of payments. It can be used to process payments between banks, as well as between customers and banks. It also provides a secure platform for processing payments, as it uses encryption and other security measures to protect data. 
  
  Tips & Tricks: 
  When using RTGS+, it is important to ensure that all data is accurate and up-to-date. This will help ensure that payments are processed quickly and securely. Additionally, it is important to ensure that all parties involved in the payment process are aware of the payment details and have access to the necessary information. 
  
  Related Information: 
  For more information on RTGS+, please refer to the SAP Financial Services Payment Engine documentation. Additionally, there are several online resources available that provide more detailed information on how to use RTGS+ and its features.