Is "Web Authorized Pmt Commonwealth Ed" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "Web Authorized Pmt Commonwealth Ed"?

ComEd, also known as Commonwealth Edison Company, has been in business for over a century, having been founded in 1907. The company primarily provides electricity to its customers in Northern Illinois, including the city of Chicago. ComEd's range of services includes electricity distribution, maintenance of power lines, and energy management solutions for residential, commercial, and industrial customers. The company also offers various programs aimed at energy efficiency and renewable energy adoption.

**Web Authorized Pmt**: Indicates that the payment was authorized online

**Commonwealth Ed**: The name of the company receiving the payment, likely Commonwealth Edison, an electric utility company

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.