The POST /api/spendRules/merchantCategory API method allows users to set or update specific merchant category rules within their banking application. This endpoint enables the categorization of merchants into different types, helping users apply specific spend rules, such as spending limits, transaction blocks, or alerts, based on merchant categories.
Purpose:
This API is used to specify or update which merchant categories should be included or excluded from spending rules. It allows for more targeted control over transactions, ensuring that rules are applied based on the merchant type, such as retail, entertainment, dining, or services. This helps users manage their financial activities with greater precision.
Key Features:
- Targeted Spend Control: Allows users to specify rules based on merchant categories, helping them to manage and control spending behavior in specific areas.
- Flexible Rules: Supports the inclusion or exclusion of merchant categories, providing precise customization of spending rules.
- Spending Alerts: Optional alerts can notify users when transactions occur within a designated category, enhancing financial awareness.
Summary:
The POST /api/spendRules/merchantCategory endpoint provides a secure and flexible way to set or update rules based on merchant categories. This method helps users manage their spending habits more effectively by applying limits, exclusions, or alerts for specific merchant types. It enhances control over how and where users spend their money, ensuring that financial goals and spending preferences are met efficiently.