Is "BUSINESS TO BUSINESS ACH AVIDPAY SERVICE AVIDPAY 2" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "BUSINESS TO BUSINESS ACH AVIDPAY SERVICE AVIDPAY 2"?

Avidpay Service is a payment processing company that has been in business for several years. The company specializes in providing a range of financial services, including payment processing, invoicing solutions, and automated accounts payable systems. It serves a variety of industries with products designed to streamline financial transactions and improve operational efficiency. The company focuses on helping businesses manage and automate their payment-related processes.

  • BUSINESS TO BUSINESS: Transaction type indicating a business-to-business transaction
  • ACH: Automated Clearing House, indicating an electronic funds-transfer system
  • AVIDPAY SERVICE: Payment service provider
  • AVIDPAY: Name of the service used
  • 230824: Date of transaction (August 24, 2023)
  • CK1000: Check number
  • REF*CK*1000*230823: Reference information (check number 1000, date of check issuance August 23, 2023)
  • JOHN DOE: Sender or payer's name
  • CAROL LUVIANO: Receiver or payee's name

    • Verify if this transaction is fraud in 30 seconds

    Verify With Receipt

    The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.
    Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

    STEP 1

    Connect your Email

    Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

    STEP 2

    Connect Your Bank

    Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

    STEP 3

    Reconcile

    Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.

    SimplyWise Community Comments
    Transaction codes from Avidpay Service
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