What is 'retail payment' in SAP FS-PE - Payment Engine?

retail payment - Overview

• Component: FS-PE

• Component Name: Payment Engine

• Description: Retail payment is one of the payment category options used in the standard settlement instructions. For more information, see the context information.

retail payment - Details

• 
  Key Concepts: 
  Retail payment is a component of the SAP FS-PE Payment Engine. It enables customers to make payments for goods and services in retail stores. It is a secure, efficient, and cost-effective way to process payments. It also provides customers with a convenient way to pay for their purchases. 
  
  How to use it: 
  Retail payment can be used in retail stores by customers to make payments for goods and services. Customers can use their credit cards, debit cards, or other payment methods to make payments. The payment engine will process the payment and provide the customer with a receipt. 
  
  Tips & Tricks: 
  When using retail payment, it is important to ensure that the customer’s information is secure and that the payment is processed quickly and accurately. Additionally, it is important to ensure that the customer’s payment information is stored securely and that the customer’s privacy is respected. 
  
  Related Information: 
  The SAP FS-PE Payment Engine also provides other features such as fraud prevention, customer loyalty programs, and analytics. Additionally, it can be integrated with other SAP systems such as SAP ERP and SAP CRM.