What is payment card in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: payment card

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: A superordinate term for all kinds of cashless payments; for example credit card, debit card or customer card.

Smart SAP Assistant

• Key Concepts: 
  A payment card is a type of card used to make payments for goods and services. It is a form of electronic payment that is accepted by merchants and banks. Payment cards are issued by banks or other financial institutions and are linked to a customer's bank account. They can be used to make purchases online, in stores, or over the phone. 
  
  How to use it: 
  Payment cards can be used to make payments for goods and services in a variety of ways. Customers can use their payment cards to make purchases online, in stores, or over the phone. Payment cards can also be used to withdraw cash from ATMs or to transfer funds between accounts. 
  
  Tips & Tricks: 
  When using a payment card, customers should always check the terms and conditions of the card before making a purchase. Customers should also be aware of any fees associated with using the card, such as annual fees or transaction fees. Additionally, customers should keep track of their spending and ensure that they do not exceed their credit limit. 
  
  Related Information: 
  The SAP Customer Relationship Management (CRM) module includes features that allow customers to manage their payment cards. This includes features such as setting up automatic payments, viewing transaction history, and setting up alerts for when payments are due. Additionally, customers can use the CRM module to view their current balance and available credit limit.