What is payment card in SAP IS-R - SAP for Retail?

SAP Term: payment card

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Credit or customer card used for payment at the point of sale.

Smart SAP Assistant

• Key Concepts: 
  Payment cards are a form of payment used in SAP for Retail. They are a type of electronic payment that allows customers to make purchases without having to use cash or checks. Payment cards are typically issued by banks or other financial institutions and can be used to pay for goods and services at retail stores, online, or over the phone. 
  
  How to Use It: 
  In SAP for Retail, payment cards are used to process payments from customers. The customer's payment card information is entered into the system and the payment is processed through the payment card processor. The customer's account is then debited for the amount of the purchase. 
  
  Tips & Tricks: 
  When processing payments with payment cards, it is important to ensure that all information is entered correctly and that the customer's account is debited for the correct amount. Additionally, it is important to ensure that all security protocols are followed when processing payments with payment cards. 
  
  Related Information: 
  Payment cards are just one of many forms of electronic payments that can be used in SAP for Retail. Other forms of electronic payments include direct debit, credit cards, and e-wallets. Additionally, SAP for Retail also supports traditional forms of payment such as cash and checks.