Is "Pos Debit- XXXX XXXX Canteen 1" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "Pos Debit- XXXX XXXX Canteen 1"?

Canteen Vending has been in business since 1929. The company provides a range of retail products through their vending machines, including snacks, beverages, fresh food, and coffee. Additionally, they offer office coffee services and micro-market solutions which provide open, self-serve convenience stores within workplaces. The company operates across various locations, serving businesses, educational institutions, and healthcare facilities.

Pos: Point of Sale

Debit: Type of transaction (debit)

XXXX XXXX: Masked account or card number

Canteen: Merchant location or name

1: Transaction identifier or sequence number

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.