What is issuing bank in SAP SD - Sales and Distribution?

SAP Term: issuing bank

• Component: SD

• Component Name: Sales and Distribution

• Description: The institution that issues cards, receives cardholder transactions from merchants, guarantees payment, and collects the respective amounts from the cardholder.

Smart SAP Assistant

• Key Concepts: 
  An issuing bank is a financial institution that issues payment cards, such as credit cards and debit cards. In SAP Sales and Distribution (SD), an issuing bank is used to identify the bank that issued the payment card used for a customer's payment. 
  
  How to use it: 
  In SAP SD, the issuing bank is entered in the customer master record. This information is then used to identify the customer's payment card and process the payment. The issuing bank can also be used to generate reports on customer payments and analyze customer spending patterns. 
  
  Tips & Tricks: 
  When entering an issuing bank in the customer master record, make sure to enter the full name of the bank. This will ensure that the payment card can be identified correctly and processed quickly. 
  
  Related Information: 
  The issuing bank is just one of many fields that can be entered in a customer master record in SAP SD. Other fields include customer name, address, contact information, and payment terms. All of these fields are important for processing payments and managing customer accounts.