What is transaction type group in SAP FS-PE - Payment Engine?

SAP Term: transaction type group

• Component: FS-PE

• Component Name: Payment Engine

• Description: Determines how a payment item is treated by specifying actions performed on the grouped transaction types. The transaction type group in the assigning of the transaction types to the transaction type groups is defined in the Customizing. This can then be used as a selection criteria for determining actions to be performed.

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• Key Concepts: 
  Transaction type group is a feature of the SAP FS-PE Payment Engine component. It is used to define the types of transactions that can be processed by the payment engine. It is a way to categorize transactions and assign them to different processing rules. 
  
  How to use it: 
  Transaction type groups are used to define the types of transactions that can be processed by the payment engine. They are used to assign different processing rules to different types of transactions. For example, a transaction type group can be used to define the types of payments that can be processed, such as credit card payments, direct debit payments, and wire transfers. 
  
  Tips & Tricks: 
  When creating a transaction type group, it is important to consider the types of transactions that will be processed and the processing rules that need to be applied. It is also important to consider any additional requirements such as security or compliance regulations that need to be met. 
  
  Related Information: 
  For more information on transaction type groups in SAP FS-PE Payment Engine, please refer to the SAP Help documentation.