Payment Card Information category includes qualitative data such as cardholder's name, credit card number, expiration date, and security code, which are vital for transaction verification but not for mathematical analyses.
Examples of data attributes for the data category Payment Card Information might contain, in part, cardholder's name, credit card number, expiration date, and security code (CVV). These are all examples of qualitative data, which are descriptive attributes that categorize or identify specific characteristics within a dataset. Unlike quantitative data, which is numerical and can be used in mathematical calculations, qualitative data like Payment Card Information is primarily categorical and is used for identification and verification purposes in financial transactions.
An important aspect of handling such sensitive information involves adhering to compliance standards like PCI-DSS to ensure data security and privacy. In research and data analysis, while qualitative data might not be suitable for mathematical analysis, like calculating an average, they provide critical context and details that enrich understanding and insights.