Which of the following is typically included in Level III purchasing card data?

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Level III purchasing card data is designed to provide detailed transaction information necessary for business-to-business (B2B) purchasing. This type of data includes enhanced information that goes beyond the basic transaction data typically available with lower levels of purchasing card data.

Product codes and descriptions are a critical component of Level III data because they provide specific details about the items purchased, including quantities and unit pricing. This is particularly important for businesses that need to track expenses accurately and manage their inventory effectively. The additional insights from product codes and descriptions allow businesses to analyze spending patterns, make informed purchasing decisions, and negotiate better terms with suppliers.

The other components, such as the supplier/vendor name, transaction date, and merchant category, may be included in various levels of purchasing card data but do not typically reflect the detailed granularity of Level III data. Cardholder's personal identification details are generally not disclosed within Level III data due to privacy and security concerns. Hence, the inclusion of product codes and descriptions is what truly sets Level III purchasing card data apart for enhanced reporting and analysis.

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