Is "CPENERGY MNGCO MGC ACH DR 000008580648 CNP" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "CPENERGY MNGCO MGC ACH DR 000008580648 CNP"?

Cpenergy Mngco has been operational in the energy sector for a specified number of years. The company's portfolio includes various retail products such as natural gas, electricity, renewable energy solutions, and related energy management services. They cater to both residential and commercial clients. Their services often encompass the procurement, distribution, and management of energy resources.

CPENERGY: Company name or transaction descriptor

MNGCO: Management Company abbreviation or identifier

MGC: Management or Holding Company

ACH: Automated Clearing House transaction type

DR: Debit transaction

000008580648: Transaction reference or identification number

CNP: Card Not Present transaction indicator

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.