What is the "Label API" used for?

Transaction labels sent to SEON using the Label API are the ultimate verification of a transaction's truth. Consider them as the final positive or negative outcome for the transaction. Transactions are labeled after you have verified them good or bad via your business, your systems and your processes outside SEON. 

Labeling is essential for our Machine Learning algorithms since they learn for your verified feedback. Labeling both negative and positive signals is important: this will provide the most training data about your business's risk profile.

You can set Negative and Positive labels to use from our broad label set on the Settings page for the Label API to use.