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

SAP Term: cash card

• Component: FS-AM-CM-CA

• Component Name: Card

• Description: A card with a chip that can be loaded at automated teller machines or special load terminals with a credit of up to 200 EUR. Customers can then use it to make payments at machines or cash registers without a PIN or signature. Every time a payment is made, the credit balance on the chip is reduced.

Smart SAP Assistant

• Key Concepts: 
  A cash card is a type of payment card issued by a financial institution that allows the cardholder to access funds from their account. It is similar to a debit card, but it does not require the user to have a bank account. The cash card is linked to the user’s account and can be used to make purchases or withdraw cash from ATMs. 
  
  How to use it: 
  Cash cards can be used in a variety of ways. They can be used to make purchases at stores, online, or over the phone. They can also be used to withdraw cash from ATMs or to transfer funds between accounts. The cardholder must enter their PIN number when using the card for any transaction. 
  
  Tips & Tricks: 
  When using a cash card, it is important to keep track of your balance and transactions. It is also important to keep your PIN number secure and not share it with anyone else. Additionally, it is important to check with your financial institution for any fees associated with using the card. 
  
  Related Information: 
  The SAP FS-AM-CM-CA Card Management component provides an integrated solution for managing cash cards and other payment cards. It enables financial institutions to manage customer accounts, issue cards, process transactions, and monitor fraud. Additionally, it provides tools for reporting and analytics, as well as integration with other SAP components such as SAP ERP and SAP HANA.