What is routing directory in SAP (FS-PE - Payment Engine)?

SAP Term: routing directory

• Component: FS-PE

• Component Name: Payment Engine

• Description: A collection of data that lists financial institutions and the related bank identifier codes BIC that are eligible for receiving payment instructions. The data is transmitted in files that are structured in accordance with the specifications of the data provider.

Smart SAP Assistant

• Key Concepts: 
  The routing directory is a component of the SAP FS-PE Payment Engine. It is a database that stores information about payment methods and their associated routing details. This information is used to determine the best payment method for a given transaction. The routing directory also stores information about the banks and payment service providers that are available for use in a given country or region. 
  
  How to use it: 
  The routing directory can be accessed through the SAP FS-PE Payment Engine. It can be used to configure payment methods and their associated routing details. This information can then be used to determine the best payment method for a given transaction. 
  
  Tips & Tricks: 
  When configuring the routing directory, it is important to ensure that all of the necessary information is included. This includes the payment method, bank details, and any other relevant information. Additionally, it is important to keep the routing directory up-to-date with any changes in payment methods or banks. 
  
  Related Information: 
  The routing directory is closely related to other components of the SAP FS-PE Payment Engine, such as the payment processor and the payment gateway. Additionally, it is important to understand how different payment methods work in order to properly configure the routing directory.