Is "MERCURY INS PAYMENT PPD ID: AY52211612" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "MERCURY INS PAYMENT PPD ID: AY52211612"?

Mercury Ins is a company that has been in the insurance business since 1961. The company offers a variety of insurance products, including automobile insurance, homeowners insurance, renters insurance, and business insurance. Mercury Ins operates through a network of independent agents and provides insurance services primarily in the United States. The company's offerings also include umbrella insurance policies and mechanical protection plans for vehicles. They focus on providing coverage solutions tailored to individual and commercial needs.

**MERCURY INS**: The name of the company initiating the transaction, in this case, Mercury Insurance.

**PAYMENT**: The type of transaction, indicating that this is a payment.

**PPD**: Prearranged Payment and Deposit entry, a standard ACH transaction type for direct deposits or automatic payments.

**ID: AY52211612**

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.