Is "MEDIACOM EFT PAYMNT XXXXXX1652 SPA" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "MEDIACOM EFT PAYMNT XXXXXX1652 SPA"?

Mediacom is a telecommunications company that has been in business since 1995. The company provides a range of services including cable television, high-speed internet, and phone services. Mediacom operates primarily in smaller markets and rural areas across the United States. The company offers various packages and plans tailored to residential and business customers, encompassing video, data, and voice services. Mediacom also provides advertising solutions aimed at local businesses through its subsidiary, OnMedia.

MEDIACOM: The name of the payee or the company to which the payment was made.

EFT: Electronic Funds Transfer, indicating that the payment was done electronically.

PAYMNT: Abbreviation for payment.

XXXXXX1652: A likely truncated reference or confirmation number for the transaction.

SPA: Could be an internal or additional descriptor related to the transaction, possibly specifying the service or region.

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.