Is "COSERV DES:UTITIIES ID:XXXXX14108 INDN:JOHN DOE M" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "COSERV DES:UTITIIES ID:XXXXX14108 INDN:JOHN DOE M"?

CoServ is an electric and gas distribution company that has been in operation since 1937. It serves residential, commercial, and industrial customers in North Texas. CoServ provides electricity, natural gas, and energy-related services. The company also offers energy efficiency programs and rebates to help customers reduce energy consumption. CoServ operates a network of substations, power lines, and gas pipelines to ensure the delivery of its services. Additionally, the company is involved in community outreach and educational initiatives related to energy use and safety.

COSERV: Company name or service provider

DES: UTITIIES

ID: XXXXX14108

INDN: JOHN DOE

METZER CO: Secondary company or processing entity

ID: XXXXX33075

PPD: Transaction type (Prearranged Payment and Deposit)

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.