What is reference account details in SAP FS-PE - Payment Engine?

SAP Term: reference account details

• Component: FS-PE

• Component Name: Payment Engine

• Description: Account details of the original ordering party in recipient items.

Smart SAP Assistant

• Key Concepts: 
  Reference account details are a feature of the FS-PE Payment Engine component of SAP. This feature allows users to store and manage account information for multiple payment methods, such as bank accounts, credit cards, and PayPal. This information can then be used to make payments quickly and securely. 
  
  How to use it: 
  To use reference account details, users must first set up their payment methods in the system. This can be done by entering the relevant account information into the system. Once this is done, users can select the payment method they wish to use when making a payment. The system will then automatically retrieve the relevant account details from the reference account details feature. 
  
  Tips & Tricks: 
  When setting up reference account details, it is important to ensure that all information is accurate and up-to-date. This will help to ensure that payments are processed quickly and securely. It is also important to keep track of any changes made to the reference account details, as this could affect future payments. 
  
  Related Information: 
  For more information on reference account details, please refer to the SAP Help Portal or contact your local SAP representative.