What is card cancellation in SAP FS-AM-CM-CA - Card?

SAP Term: card cancellation

• Component: FS-AM-CM-CA

• Component Name: Card

• Description: Ending a card contract for credit cards taking special notice rules into account.

Smart SAP Assistant

• Key Concepts: 
  Card cancellation is a component of SAP Financial Services (FS) Asset Management (AM) that allows users to cancel cards that have been issued to customers. This component is used to manage the cancellation process, including the cancellation of cards, the return of cards, and the settlement of any outstanding balances. 
  
  How to use it: 
  To use card cancellation, users must first create a card cancellation request in the system. This request will include information such as the customer’s name, address, and card number. Once the request is created, users can then enter the details of the cancellation and submit it for processing. The system will then process the request and cancel the card. 
  
  Tips & Tricks: 
  When creating a card cancellation request, it is important to ensure that all of the necessary information is included. This includes the customer’s name, address, and card number. Additionally, it is important to ensure that all outstanding balances are settled before submitting the request for processing. 
  
  Related Information: 
  Card cancellation is part of SAP Financial Services Asset Management (FS-AM). Other components of FS-AM include asset management, asset accounting, and asset valuation. Additionally, SAP also offers a range of other financial services solutions such as banking services and payments solutions.