Is "PARKING (VERRUS) 123 MAIN St" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "PARKING (VERRUS) 123 MAIN St"?

Parking has been in business for a variable amount of time, as it is a general term that can refer to various enterprises involved in providing parking solutions. Companies within this domain offer different retail products and services, including hourly, daily, and monthly parking spaces, parking management services, and access to parking facilities through physical permits or digital platforms. Businesses in this sector may also provide add-on services such as valet parking, mobile app access for locating and reserving spots, and electric vehicle charging stations.

  • PARKING: Type of service or product purchased
  • VERRUS: Service provider or merchant name
  • 123 MAIN St: Location of the transaction

    • 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 Parking
    Download the App