Fiserv, SAP help B2B companies to offer digital payment methods

Fiserv and SAP have integrated their solutions to help B2B companies to offer digital payment methods to their customers.

The companies bring together two cloud-based solutions: SnapPay, an enterprise payments application from First Data, now Fiserv, and SAP digital payments add-on.

SAP digital payments add-on helps enable credit card and other digital payment methods subject to the Payment Card Industry Data Security Standard (PCI DSS). Companies running any variant of SAP order or sale-to-cash processes (B2B, B2C, point-of-sale, web) can integrate to certified payment service solutions, including SnapPay, with flexible access to multiple digital payment methods.

SnapPay is built to serve the accounts receivable and accounts payable needs of large and mid-sized companies. Through integration with SAP ERP Central Component and SAP S/4HANA, SnapPay facilitates card, Automated Clearing House (ACH), and new digital payment methods. The solution also digitizes labour-intensive corporate treasury operations into a real-time, automated, and secure experience.