Supporting Digital Transformation in Consumer Industries with SAP Digital Payments
In the digital age, consumer industry customers have been increasingly tasked with overhauling their digital payments strategy, business processes, and supporting software. Offering flexible payment options for their customers is no longer a “nice to have” but is critical in achieving a best-in-class customer experience. SAP supports customers in their journey to become market leaders by offering a fully integrated digital payments solution catered to the needs of the consumer industry.
Introducing SAP Digital Payments
SAP Digital Payments is a cloud-based integration solution running on SAP’s Business Technology Platform (BTP) that enables the processing of electronic payments in core business applications. Through the use of API’s it has out-of-the-box integration with SAP S/4HANA Cloud and supports card registration, payment authorization, refunds, settlement, and payment advice. Through the adoption of clean-core concepts, SAP Digital Payments enables customers to quickly adapt to changes in the market as well as their own corporate strategies and initiatives.
Security and Compliance
Failing to secure sensitive data such as credit card information can be catastrophic to a business. In addition to providing end-to-end encrypted processing of payment card transactions across systems, SAP Digital Payments eliminates the need for storage and processing of sensitive credit card details, which provides a higher degree of security and reduces PCI auditing efforts. The solution is compliant according to the latest Payment Card Industry Data Security Standard (PCI-DSS 4.0) which enables end-user trust that their information is protected from unauthorized access and data breaches.
Clean Core
One of the key value drivers of the solution is that it supports the clean core concept by decoupling integration with PSPs. De-coupling has several benefits. For starters, it allows a customer to support more than one PSP at a time or easily switch from one PSP to another with nothing more than a configuration update. Secondly, it eliminates the need to add custom code (whether customer developed, or partner supplied) in the core Cloud ERP system. This makes future upgrade easier, faster, and less costly. Finally, it enables customers to adopt payment card industry best practices with minimal effort and out-of-the-box support.
RISE with SAP
Did you know SAP Digital Payments is a required solution for RISE customers processing credit cards in their S/4HANA system? When customers process payment card transactions on SAP operated infrastructure, PCI-DSS requirements become applicable to SAP. As such, SAP must provide a mechanism for customers to follow best practices and secure sensitive credit card information. SAP Digital Payments is critical (in fact contractually mandatory) in achieving this.
Key Take Away
As a cloud-based solution, adoption of SAP Digital Payments is critical for customers in their cloud journey and digital transformation initiatives. It is SAP’s strategic direction for processing of payment cards and integrating with Payment Service Providers. Consumer Industry customers benefit from its innovative approach to securing sensitive payment transactions and consumer data.
Supporting Digital Transformation in Consumer Industries with SAP Digital PaymentsIn the digital age, consumer industry customers have been increasingly tasked with overhauling their digital payments strategy, business processes, and supporting software. Offering flexible payment options for their customers is no longer a “nice to have” but is critical in achieving a best-in-class customer experience. SAP supports customers in their journey to become market leaders by offering a fully integrated digital payments solution catered to the needs of the consumer industry.Introducing SAP Digital PaymentsSAP Digital Payments is a cloud-based integration solution running on SAP’s Business Technology Platform (BTP) that enables the processing of electronic payments in core business applications. Through the use of API’s it has out-of-the-box integration with SAP S/4HANA Cloud and supports card registration, payment authorization, refunds, settlement, and payment advice. Through the adoption of clean-core concepts, SAP Digital Payments enables customers to quickly adapt to changes in the market as well as their own corporate strategies and initiatives.Security and ComplianceFailing to secure sensitive data such as credit card information can be catastrophic to a business. In addition to providing end-to-end encrypted processing of payment card transactions across systems, SAP Digital Payments eliminates the need for storage and processing of sensitive credit card details, which provides a higher degree of security and reduces PCI auditing efforts. The solution is compliant according to the latest Payment Card Industry Data Security Standard (PCI-DSS 4.0) which enables end-user trust that their information is protected from unauthorized access and data breaches.Clean CoreOne of the key value drivers of the solution is that it supports the clean core concept by decoupling integration with PSPs. De-coupling has several benefits. For starters, it allows a customer to support more than one PSP at a time or easily switch from one PSP to another with nothing more than a configuration update. Secondly, it eliminates the need to add custom code (whether customer developed, or partner supplied) in the core Cloud ERP system. This makes future upgrade easier, faster, and less costly. Finally, it enables customers to adopt payment card industry best practices with minimal effort and out-of-the-box support.RISE with SAPDid you know SAP Digital Payments is a required solution for RISE customers processing credit cards in their S/4HANA system? When customers process payment card transactions on SAP operated infrastructure, PCI-DSS requirements become applicable to SAP. As such, SAP must provide a mechanism for customers to follow best practices and secure sensitive credit card information. SAP Digital Payments is critical (in fact contractually mandatory) in achieving this. Key Take AwayAs a cloud-based solution, adoption of SAP Digital Payments is critical for customers in their cloud journey and digital transformation initiatives. It is SAP’s strategic direction for processing of payment cards and integrating with Payment Service Providers. Consumer Industry customers benefit from its innovative approach to securing sensitive payment transactions and consumer data. Read More Technology Blog Posts by SAP articles
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