Is "POS PURCHASE / HIS*HISCOX INC" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "**POS PURCHASE / HIS*HISCOX INC**"?

Hiscox Inc. has been in business since 1901. The company provides a range of insurance products. These products include professional liability insurance, general liability insurance, property insurance, and cyber insurance. The company focuses on serving small businesses and offers tailored coverage options to meet specific industry needs. Hiscox Inc. operates in multiple countries and serves a diverse customer base, providing both online and offline services.

POS PURCHASE: Point of Sale purchase, indicating a transaction made by swiping or entering your card details at a merchant location

HIS*HISCOX INC: The name of the merchant or vendor where the purchase was made, in this case, HISCOX Inc.

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.