SAP Payment Engine

SAP offers  the SAP Payment Engine as a payments solution. The SAP Payment Engine is an advanced solution designed to help you significantly improve the process for inter-bank and customer-to-bank payments. By providing shared-service centers and in-sourcing models, the end-to-end solution streamlines all payments processes, standardizes interfaces, removes siloed payment applications, and enables the rapid development of new products.

It works on the Net weaver platform.  There are two versions: version 7.0 and 8.0

Some features of the solution are:

1. One-to-one and one-to-many credit transfers and direct debits
2. Same-day or even real-time clearing and settlement
3. Single, queued and collective postings of internal and external transactions
4. Domestic and international transactions
5. Flexible customer correspondence (advices, payment exceptions, and payment recalls)
6. Extensive monitoring and status management
7. Open, multi-channel integration architecture
8. Supports multiple connections with SAP as well as non-SAP applications
9. High performance levels with significant scalability

Unlock value with tangible business benefits

1. Reduce costs: IT development and maintenance costs, along with manual efforts, can be reduced due to centralization and consolidation of payment services
2. Increase extensibility: Open integration architecture helps integrate with multiple payment channels, both inbound and outbound, and can connect with multiple account management systems
3. Manage regulatory compliance: Helps your institution comply with regulatory mandates such as single euro payments area (SEPA)
4. Enhance risk and liquidity management: The solution helps you combat fraud and money laundering more effectively by enhancing liquidity management
5. Improve customer retention: Advanced payment services add an edge to your service offerings and help significantly improve customer satisfaction, loyalty, and retention​."