Customers that create Verified Customers (VCRs) can leverage a feature called Labels, providing customers with a way to designate a subset of funds within an end user’s balance.
For example, an application designed to help people save for travel might have end users saving for multiple trips. Labels gives the business the ability to allocate portions of the funds in the larger balance to specific trips.
Labels are for businesses that are looking to create customer accounts that hold a balance within their application and are wanting a way to easily identify different categories of funds.
The uses for Labels are numerous. Investment applications can allow end users to better manage their portfolios. An application that is paying out multiple users can more easily track the allocation of funds within an account. All of this information is relevant to different applications as it relates to the various balances of their end users and managing them more efficiently.
To learn more about Labels, read the blog.