Tag: merchant data enrichment
How Do Apps Turn Messy Bank Transaction Strings into Merchant Names?
Bank transaction strings like POS 8472 PAYPAL SPOTIFY LONDON mean little to a user. Merchant name enrichment matches these strings against merchant intelligence to return a recognisable name, category and confidence score. This article covers how transaction enrichment actually works, how providers compare and exactly where Finexer fits for platforms already using Open Banking connectivity.
Merchant Data Enrichment APIs Compared: From Cryptic Strings to Clean Merchant Names
Merchant data enrichment resolves raw bank transaction strings – SQPRET A MANGER, AMZN MKTPLA12B3 – into clean merchant names, categories, logos and locations. This comparison covers how five merchant data enrichment APIs process those strings, what each provider returns, which fits your UK platform use case and coverage requirements, and what to test before choosing.