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Tobias_Fioneer
Product and Topic Expert
Product and Topic Expert

This blog describes how SAP digital payments add-on can simplify the connection between SAP FS-CD and Payment Service Providers.


 

Recent customers of insurers expect them to be able to buy and pay for insurance products online. The trend has just intensified due to the coronavirus pandemic and the resulting contact restrictions. The option of paying with digital payment methods (PayPal, GooglePay, and so on) attracts these customers, the insurer presents himself as a company at the level of time and increases its attractiveness in the relevant target groups. In addition, the termination rate in the online application process is significantly reduced by the provision of several digital payment methods. As a result, new customer groups can be developed, tied to the company, and thus market share can be secured.


 

SAP therefore provides integration platform SAP digital payments add-on running in the SAP Cloud Platform (public cloud), enabling out-of-the-box and standardized connections between various business applications and the PSPs (Payment Service Provider). The built-in integration to various SAP / non-SAP products and components is extended with the integration of FS-CD payment plan interface.


 


SAP FS-CD and Digital Payment add-on / Source: SAP


 

After the payment advice note is received from Digital Payment add-on. The system stores the payment advice notes. The payment advice notes could be imported for credit card payments by using Parallel Processing (transaction FPCS) in Process Response Received mode, or, in the case of payment service provider, by using transaction Process Payment Advice Note (FPPS).

 

By processing the bank statement (transaction FF.5), postings created to the clearing account will be cleared.

 

Important notes:

  • 3269412 - FI-CA: Settlement Status for Document Posting BAPI

  • 3269404 - FS-CD: Payment Plan Item Creation with SAP Digital Payments


 

More information on FS-CD and Digital Payment add-on, function and features: