Is "VISA DDA PUR AP 494300 PARAMOUNT *" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "VISA DDA PUR AP 494300 PARAMOUNT *"?

Paramount has been in business since 1912. The company operates primarily in the media and entertainment industry. Paramount provides a range of products, including motion pictures, television programs, and streaming services. Its portfolio includes a variety of genres such as action, drama, comedy, and animated content. Paramount also engages in the distribution of home entertainment products and operates several television networks and interactive media platforms.

  • VISA: Indicates that the transaction is related to a Visa card.
  • DDA: Stands for Demand Deposit Account, referring to the type of account used.
  • PUR: Abbreviation for Purchase, indicating a transaction type.
  • AP: Possibly refers to the location or specific type of transaction (e.g., an automated purchase).
  • 494300: Unique transaction or merchant identification number.
  • PARAMOUNT *: Likely the name of the merchant or business where the transaction occurred.

    • 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 Paramount
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