Is "COMENITY PAY OH WEB PYMT" fraud?

Written by Gavin Brooks

June 18th, 2024

Medium Risk

What is "COMENITY PAY OH WEB PYMT"?

Bread Financial is a financing platform that has been in operation for over a decade. The company provides retail products including installment loans and consumer credit cards. They offer pay-over-time solutions for online and in-store purchases, which allows buyers to break purchases into monthly payments.'

COMENITY: The name of the company or organization receiving the payment

PAY: Indicates that the transaction is a payment

OH: Possibly the abbreviation for the state where the transaction took place (Ohio)

WEB: Indicates that the payment was made online

PYMT: Abbreviation for payment

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

RAYMOND SCHULTHEIS CPA

FOUND A COMENITY ACH CHARGED TO MY BANK ACCOUNT YESTERDAY. NEVER HEARD OF THIS ENTITY AND CONTACTED MY BANK. IN ONE DAY IT WAS RESOLVED IN MY FAVOR. TOO BAD A HUNDRED THOUSAND CONCERNED CITIZENS DON'T HIT THEIR BANK ACCOUNTS WITH A CHARGE FOR ALL THE TIME WE HAVE WASTED ON THEIR FUN AND GAMES. THE FACT THAT THE CHARGE TO MY ACCOUNT WAS SMALL LEADS ME TO BELIEVE THAT THEY MAY THINK MANY WILL NOT NOTICE THE CHARGE AT ALL AND THE REST OF US WILL THINK IT ISN'T WORTH OUR TIME TO PERSUE. BANK REGULATORS WHERE ARE YOU?