How is transaction classification different from transaction categorisation?

Transaction classification provides insights on the nature of individual transactions of an account. This is enabled by default in the Data API /transactions endpoint.

It is currently in the beta phase and supports purchase-related (credit/debit card and direct debit category) transactions. 

• transaction_category identifies the type of transaction for both account and card transactions. The supported set of categories is consistent across all providers and are mapped according to the information returned by the bank. 
  • Read more about transaction_category and the supported categories in our Documentation here. 

• Transaction classification returns category information for account transactions. This returns information about the Merchant and the group the transaction is in. These fields are returned subject to availability.
  Read more about Transaction classification and the types of categories and subcategories returned here. 

1. CREDIT
2. DEBIT  

Example

{
 "results": [
 {
 "transaction_id": "03c333979b729315545816aaa365c33f",
 "timestamp": "2018-03-06T00:00:00",
 "description": "GOOGLE PLAY STORE",
 "amount": -2.99,
 "currency": "GBP",
 "transaction_type": "DEBIT",
 "transaction_category": "PURCHASE",
 "transaction_classification": [
 "Entertainment",
 "Games"
 ],
 "merchant_name": "Google play",
 "running_balance": {
 "amount": 1238.60, 
 "currency": "GBP"
 },
 "meta": {
 "bank_transaction_id": "9882ks-00js",
 "provider_transaction_category": "DEB"
 }
 },