Which of the following is a characteristic of Enhanced Data?

Enhanced Data refers to additional information that is collected and transmitted during a payment transaction beyond the standard data required for processing. One of the key characteristics of Enhanced Data is that it includes sales tax information, which allows merchants to provide a more detailed breakdown of transaction amounts. This additional data can be crucial for various purposes, including better reporting, improved customer insights, and compliance with tax regulations.

Enhanced Data enhances the transaction's value for both the merchant and the customer by fostering better record-keeping and potentially improving the overall customer experience. The inclusion of sales tax is particularly useful as it directly impacts the total cost of the transaction, ensuring transparency and accurate accounting for both parties involved.

While Enhanced Data can indeed include other types of information relevant to the transaction or business context, the defining characteristic in this scenario is its inclusion of sales tax information, emphasizing its role in providing a more comprehensive financial overview.