Itqualityassurance
- What is a payment modal?
- What is payment method in SAP?
- What is payment flow?
- How does payment API work?
What is a payment modal?
The payment modal is a window or widget that provides policyholders the ability to pay their premium digitally without leaving the insurance company's website. Policyholders can login, view their policy information, payment details and due date, and make a digital payment on their premium.
What is payment method in SAP?
The payment method setup supports only three payment means: Check, Bank Transfer, and Bill of Exchange (in specific localizations). You can select the other two payment means, Credit Card and Cash, when specifying the details of manual payments in the Payment Means window.
What is payment flow?
A payment transaction flow is the journey of payment from start to approval and credit funds. When a customer buys something using a credit card, funds follow a transaction flow passing through several players to finish the payment.
How does payment API work?
The way a payment API typically works is that an application transmits a message/request to the API, which relays it to the payment processing network, which in turn processes the request and responds to the API, which then relays the response to the application.
