Is "POS Withdrawal (FIP) DBA / JOURNEYS 123 MAIN St(54" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "POS Withdrawal (FIP) DBA / JOURNEYS 123 MAIN St(54"?

Journeys is a retail company that has been in business since 1986. It specializes in footwear, apparel, and accessories for a younger demographic, primarily targeting teenagers and young adults. The company offers a variety of products from well-known brands such as Vans, Converse, Adidas, Puma, and Dr. Martens. Journeys operates both physical stores and an online platform to cater to its customers. Additionally, it provides items like backpacks, socks, hats, and other fashion-related accessories. The company is part of Genesco Inc., a publicly traded corporation.

  • POS Withdrawal: Point of Sale transaction type, indicating a purchase made using a debit or credit card.
  • (FIP): Financial Institution Processing, denotes processing by a financial institution.
  • DBA: Doing Business As, the name under which the business operates.
  • JOURNEYS: The name of the business/merchant where the transaction took place.
  • 123 MAIN St: The address of the business/merchant location.
  • (5471): Merchant Category Code (MCC), identifying the type of goods or services provided (in this case, likely related to sale of narrow footwear, like shoes).

    • 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.

    SimplyWise Community Comments
    Transaction codes from Journeys
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