What is reference data in SAP FS-PE - Payment Engine?

SAP Term: reference data

• Component: FS-PE

• Component Name: Payment Engine

• Description: This data is part of the master data. &EXAMPLE& BIC codes Payment order for clearing Bank number ISO country codes ISO currency codes IBANs Internal bank codes Account substitution

Smart SAP Assistant

• Key Concepts: 
  Reference data in the FS-PE Payment Engine is a set of data that is used to define the payment process. This includes information such as payment types, payment methods, and payment rules. It also includes information about the bank accounts that are used for payments, such as account numbers and bank codes. 
  
  How to use it: 
  Reference data is used to define the payment process in the FS-PE Payment Engine. This includes setting up payment types, payment methods, and payment rules. It also includes setting up bank accounts for payments, such as account numbers and bank codes. The reference data is then used to process payments in the system. 
  
  Tips & Tricks: 
  When setting up reference data in the 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. Additionally, it is important to keep track of any changes that are made to the reference data so that they can be easily updated in the system. 
  
  Related Information: 
  For more information on reference data in the FS-PE Payment Engine, please refer to the SAP Help documentation or contact your SAP support team.