SAP SE has unveiled a solution to give retailers the flexibility they need to navigate rapidly changing consumer payment preferences. The announcement, made yesterday (Thursday), introduces the SAP Commerce Cloud Open Payment Framework, designed to help retailers stay ahead of changing customer expectations.
The retail landscape continues to be reshaped by new payment options like ‘buy now, pay later’, and retailers are adapting quickly. SAP’s latest innovation addresses this need for agility by integrating the popular SAP Commerce Cloud platform with numerous third-party payment service providers (PSPs), including Stripe, Adyen, Worldpay, and Airwallex.
Sven Denecken, SVP, Global Head of Product Marketing, SAP SE, Source: LinkedIn
“SAP’s unparalleled industry expertise is the foundation of our strategy,” said Sven Denecken, Senior Vice President and Global Head. “It provides us with a deep understanding of the complexities of delivering seamless, positive customer experiences that reinforce our brand promise with every interaction. “It will happen,” he said. Product Marketing for SAP Industries & CX. “SAP’s unique industry-leading approach to composability puts retailers’ digital commerce needs at the forefront, while we work with retailers to manage their digital transformation, navigate a sustainable growth path, and meet industry expectations. It satisfies.”
Key to the appeal of this solution is SAP’s configurable architecture, which gives retailers the freedom to choose a payment partner that suits their unique needs and geographic markets. This modular approach allows retailers to build at their own pace and enables rapid deployment. scalability
scalability
Scalability is a term that describes the constraints of a network through hash rate to meet increased demand. In the context of Bitcoin, scalability reflects the problem of being able to properly process transactions at limited speeds. Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is determined by an average block creation time of 10 minutes and a block size limit of 1 MB. As a result, pain occurs
Scalability is a term that describes the constraints of a network through hash rate to meet increased demand. In the context of Bitcoin, scalability reflects the problem of being able to properly process transactions at limited speeds. Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is determined by an average block creation time of 10 minutes and a block size limit of 1 MB. As a result, pain occurs
Read these terms While avoiding dependency on a single supplier.
Improve customer payment experience
Seamless integration with SAP Commerce cloud
cloud
Cloud or cloud computing helps provide data and applications that can be accessed from almost any location in the world as long as a reliable internet connection exists. Cloud computing is classified into three cloud services: Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). On the trading side, the versatility of cloud services allows retail traders to test new trading strategies and backtest existing trades.
Cloud or cloud computing helps provide data and applications that can be accessed from almost any location in the world as long as a reliable internet connection exists. Cloud computing is classified into three cloud services: Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). On the trading side, the versatility of cloud services allows retail traders to test new trading strategies and backtest existing trades.
Read these terms
Simplifies PSP adoption, eliminating the complexities associated with integrating and deploying extensions to your commerce codebase. Additionally, the framework’s scalability and headless architecture ensures that front-end and back-end operations remain decoupled, allowing retailers to meet diverse channel requirements and seamlessly integrate new solutions.
This solution focuses on improving the customer payment experience. By offering a variety of payment methods and ensuring a smooth and seamless process, retailers can increase customer satisfaction and loyalty.
One of the notable features of SAP Commerce Cloud Open Payment Framework is its no-code, low-code approach that provides retailers with a cost-effective, adaptable, and agile payment system. Covering a comprehensive range of payment requirements and end-to-end processes, including authorization, capture, refund, and re-authorization, the solution also prioritizes security and compliance standards.
SAP SE has unveiled a solution to give retailers the flexibility they need to navigate rapidly changing consumer payment preferences. The announcement, made yesterday (Thursday), introduces the SAP Commerce Cloud Open Payment Framework, designed to help retailers stay ahead of changing customer expectations.
The retail landscape continues to be reshaped by new payment options like ‘buy now, pay later’, and retailers are adapting quickly. SAP’s latest innovation addresses this need for agility by integrating the popular SAP Commerce Cloud platform with numerous third-party payment service providers (PSPs), including Stripe, Adyen, Worldpay, and Airwallex.
Sven Denecken, SVP, Global Head of Product Marketing, SAP SE, Source: LinkedIn
“SAP’s unparalleled industry expertise is the foundation of our strategy,” said Sven Denecken, Senior Vice President and Global Head. “It provides us with a deep understanding of the complexities of delivering seamless, positive customer experiences that reinforce our brand promise with every interaction. “It will happen,” he said. Product Marketing for SAP Industries & CX. “SAP’s unique industry-leading approach to composability puts retailers’ digital commerce needs at the forefront, while we work with retailers to manage their digital transformation, navigate a sustainable growth path, and meet industry expectations. It satisfies.”
Key to the appeal of this solution is SAP’s configurable architecture, which gives retailers the freedom to choose a payment partner that suits their unique needs and geographic markets. This modular approach allows retailers to build at their own pace and enables rapid deployment. scalability
scalability
Scalability is a term that describes the constraints of a network through hash rate to meet increased demand. In the context of Bitcoin, scalability reflects the problem of being able to properly process transactions at limited speeds. Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is determined by an average block creation time of 10 minutes and a block size limit of 1 MB. As a result, pain occurs
Scalability is a term that describes the constraints of a network through hash rate to meet increased demand. In the context of Bitcoin, scalability reflects the problem of being able to properly process transactions at limited speeds. Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is determined by an average block creation time of 10 minutes and a block size limit of 1 MB. As a result, pain occurs
Read these terms While avoiding dependency on a single supplier.
Improve customer payment experience
Seamless integration with SAP Commerce cloud
cloud
Cloud or cloud computing helps provide data and applications that can be accessed from almost any location in the world as long as a reliable internet connection exists. Cloud computing is classified into three cloud services: Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). On the trading side, the versatility of cloud services allows retail traders to test new trading strategies and backtest existing trades.
Cloud or cloud computing helps provide data and applications that can be accessed from almost any location in the world as long as a reliable internet connection exists. Cloud computing is classified into three cloud services: Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). On the trading side, the versatility of cloud services allows retail traders to test new trading strategies and backtest existing trades.
Read these terms
Simplifies PSP adoption, eliminating the complexities associated with integrating and deploying extensions to your commerce codebase. Additionally, the framework’s scalability and headless architecture ensures that front-end and back-end operations remain decoupled, allowing retailers to meet diverse channel requirements and seamlessly integrate new solutions.
This solution focuses on improving the customer payment experience. By offering a variety of payment methods and ensuring a smooth and seamless process, retailers can increase customer satisfaction and loyalty.
One of the notable features of SAP Commerce Cloud Open Payment Framework is its no-code, low-code approach that provides retailers with a cost-effective, adaptable, and agile payment system. Covering a comprehensive range of payment requirements and end-to-end processes, including authorization, capture, refund, and re-authorization, the solution also prioritizes security and compliance standards.