Table 3 Dataset description
Variable | Description |
|---|---|
Transaction Type Code | An internal code provided for every bank transaction, providing information regarding the transaction type and including Root Categories like cash withdrawals, deposits, banking fees etc. |
Merchant Category Code | A four-digit number listed in ISO 18245 for financial services, mainly used to classify a business by the types of goods and services provided |
NACE code | A European industry standard system used across European Union for classifying business activities. Utilizing the NACE code of the transfer account found in the available SME customer data |
Transaction description | Including mainly native retailers, service providers, consulting and legal firms not included in previous steps |