Knowledge quiz

It's time to put what you've learned to the test, get 3 right to pass this unit.

There are two correct answers.

Lower pre-arranged fees with Payment Service Providers

Enhanced flexibility and scalability

Outsourcing of security and compliance to third parties

Centralized operation, maintenance, and support by SAP

There are two correct answers.

The advice information can be requested using the Digital Payments Advice report in SAP S/4HANA.

The Digital Payments Advice report should only be run at month-end to pull in the latest data from the PSP.

Charges associated with the credit card transactions are summarized and handled through a separate process.

The periodic General Ledger (G/L) automatic clearing report reconciles any remaining balances in the Cash clearing account.

There are three correct answers.

Payment card numbers are stored and processed in the consumer application, including SAP S/4HANA, through digital payments.

Only PCI DSS-certified external partners, known as Payment Service Providers, are responsible for processing and storing the original card data.

The actual credit card number is replaced with a token by the Payment Service Provider for use within the SAP software.

In the SAP software, only the token is used for identification and it is the only information that is processed and stored.

Both the token and the original credit card number are used for identification and are processed within SAP.