In a fraud detection application, which options can be used to configure the PaymentInformation data object? (Choose Three)

In the context of configuring the PaymentInformation data object for a fraud detection application, the options chosen can significantly influence how the application interacts with and utilizes data. The option of configuring a simulated data source for an existing object is indeed a viable method. This approach allows developers to create a controlled environment for testing and validating how the PaymentInformation object behaves without relying on live data, which is essential for ensuring that any fraud detection algorithms can be tested comprehensively.

Using a simulated data source can facilitate the development process by providing predictable data sets and enabling developers to simulate various scenarios that the application might encounter during its execution. This is particularly valuable when working through edge cases or testing the application's response to unusual or fraudulent activities.

The wizard for creating a new Payment Information data object offers a streamlined approach to data object creation, enabling those with appropriate access and knowledge of the application's design to quickly define new data structures tailored to the needs of the application. This can enhance flexibility and responsiveness in addressing specific requirements as they arise in the context of fraud detection.

Sourcing simulated data from an external database can also be a useful method, especially if that external database is designed to replicate transactional behavior or contains known datasets useful for testing the application's algorithms.

Lastly, importing data using a direct