Transaction Type is a category used to classify different types of financial activity, such as regions, payment methods, or verticals. It helps you segment transactions and apply different rules based on context — for example, separation in monitoring and case management analyses.

How you use it depends on how you want to monitor your requests. For example, you could:

• Use different transaction types for different markets (e.g. US vs. Europe) and apply separate rules and thresholds to each.
• Separate transaction types by payment method, such as Card and OpenBanking.