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

SAP Term: card settlement

• Component: FS-AM-CM-CA

• Component Name: Card

• Description: The determination of the charges for cards that are periodically calculated and posted.

Smart SAP Assistant

• Key Concepts: 
  Card Settlement is a component of the SAP Financial Services (FS) Application Module (AM) Cash Management (CM) that enables customers to settle their credit card payments. It allows customers to make payments with their credit cards and receive payments from their customers using credit cards. The component also provides the ability to reconcile payments and manage the payment process. 
  
  How to use it: 
  To use Card Settlement, customers must first set up a payment account in SAP. This account will be used to store the customer's credit card information and will be used to process payments. Once the account is set up, customers can then enter their credit card information into the system and begin making payments. Customers can also view their payment history and manage their payment accounts. 
  
  Tips & Tricks: 
  When setting up a payment account in SAP, it is important to ensure that all of the customer's credit card information is accurate and up-to-date. This will help ensure that payments are processed correctly and on time. Additionally, customers should always review their payment history to ensure that all payments have been processed correctly. 
  
  Related Information: 
  For more information about Card Settlement, please refer to the SAP Financial Services Application Module Cash Management documentation. Additionally, customers can contact their SAP representative for assistance with setting up a payment account or managing their payment accounts.