Is "PURCHASE AUTHORIZED ON 01/13 123 MAIN St SXXXXXXXX" fraud?

Written by Remi Russell

June 18th, 2024

Medium Risk

What is "PURCHASE AUTHORIZED ON 01/13 123 MAIN St SXXXXXXXX"?

CoffeeDrunk has been in business since 2010. The company specializes in retailing various coffee-related products. Their offerings include a range of coffee beans sourced from different regions, coffee brewing equipment such as French presses and espresso machines, and coffee accessories like mugs and filters. In addition to their retail products, CoffeeDrunk operates several coffee shop locations where they serve brewed coffee and espresso-based beverages. The company also provides an online store for customers to purchase their products.

PURCHASE: Type of transaction

AUTHORIZED: Status of the transaction

ON 01/13: Date of the transaction

123 MAIN St: Merchant's address

SXXXXXXXXXXXXXXX: Partially masked account or card number

CARD 1977: Last four digits of the card number used

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.