SAP SE has unveiled a solution aimed at equipping retailers
with the flexibility needed to navigate swiftly evolving consumer payment
preferences. The announcement, made yesterday (Thursday), introduces the SAP
Commerce Cloud Open Payment Framework, designed to empower retailers to stay
ahead of changing customer expectations.
The landscape of retail has been continually reshaped by
emerging payment options such as ‘buy now, pay later,’ prompting retailers to
adapt rapidly. SAP’s latest innovation addresses this demand for agility by
integrating its renowned SAP Commerce Cloud platform with a plethora of
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 unmatched industry expertise is the foundation of our
strategy, as it enables us to deeply understand the complexities of delivering
seamless and positive customer experiences that reinforce the brand promise
with every interaction,” said Sven Denecken, the Senior Vice President and
Global Head of Product Marketing for SAP Industries & CX. “SAP’s unique,
industry-led approach to composability places the retailer’s digital commerce
needs front and center while we work with them to manage their digital transformation,
navigate pathways to sustainable growth, and deliver on industry expectations.”
Key to the solution’s appeal is SAP’s composable
architecture, which allows retailers the freedom to select payment partners
tailored to their unique requirements and geographic markets. This modular
approach not only enables retailers to build at their own pace but also
facilitates rapid scalability
Scalability
Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain
Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain
Read this Term while avoiding dependence on a single provider.
Elevating Customer Checkout Experience
The seamless integration capabilities of SAP Commerce Cloud
Cloud
The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc
The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc
Read this Term
streamline the adoption of PSPs, eliminating the complexity associated with
integrating and deploying extensions to the commerce codebase. Moreover, the
framework’s extensibility and headless architecture ensure that front-end and
back-end operations remain decoupled, empowering retailers to cater to diverse
channel requirements and seamlessly incorporate new solutions.
The solution focuses on enhancing the customer checkout
experience. By offering a wide array of payment methods and ensuring a smooth,
frictionless process, retailers can boost customer satisfaction and loyalty.
One of the notable features of the SAP Commerce Cloud Open
Payment Framework is its no-code, low-code approach, which provides retailers
with a cost-effective, adaptable, and agile payments system. Covering a
comprehensive range of payment needs and end-to-end processes, including
authorization, capture, refunds, and re-authorization, the solution also
prioritizes security and compliance standards.
SAP SE has unveiled a solution aimed at equipping retailers
with the flexibility needed to navigate swiftly evolving consumer payment
preferences. The announcement, made yesterday (Thursday), introduces the SAP
Commerce Cloud Open Payment Framework, designed to empower retailers to stay
ahead of changing customer expectations.
The landscape of retail has been continually reshaped by
emerging payment options such as ‘buy now, pay later,’ prompting retailers to
adapt rapidly. SAP’s latest innovation addresses this demand for agility by
integrating its renowned SAP Commerce Cloud platform with a plethora of
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 unmatched industry expertise is the foundation of our
strategy, as it enables us to deeply understand the complexities of delivering
seamless and positive customer experiences that reinforce the brand promise
with every interaction,” said Sven Denecken, the Senior Vice President and
Global Head of Product Marketing for SAP Industries & CX. “SAP’s unique,
industry-led approach to composability places the retailer’s digital commerce
needs front and center while we work with them to manage their digital transformation,
navigate pathways to sustainable growth, and deliver on industry expectations.”
Key to the solution’s appeal is SAP’s composable
architecture, which allows retailers the freedom to select payment partners
tailored to their unique requirements and geographic markets. This modular
approach not only enables retailers to build at their own pace but also
facilitates rapid scalability
Scalability
Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain
Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain
Read this Term while avoiding dependence on a single provider.
Elevating Customer Checkout Experience
The seamless integration capabilities of SAP Commerce Cloud
Cloud
The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc
The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc
Read this Term
streamline the adoption of PSPs, eliminating the complexity associated with
integrating and deploying extensions to the commerce codebase. Moreover, the
framework’s extensibility and headless architecture ensure that front-end and
back-end operations remain decoupled, empowering retailers to cater to diverse
channel requirements and seamlessly incorporate new solutions.
The solution focuses on enhancing the customer checkout
experience. By offering a wide array of payment methods and ensuring a smooth,
frictionless process, retailers can boost customer satisfaction and loyalty.
One of the notable features of the SAP Commerce Cloud Open
Payment Framework is its no-code, low-code approach, which provides retailers
with a cost-effective, adaptable, and agile payments system. Covering a
comprehensive range of payment needs and end-to-end processes, including
authorization, capture, refunds, and re-authorization, the solution also
prioritizes security and compliance standards.