Is "POS PURCHASE POS05437602 8955800 SHOE DEPT 0543 12" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "POS PURCHASE POS05437602 8955800 SHOE DEPT 0543 12"?

Shoe Dept has been in business for several decades, with its establishment dating back to 1960. This retailer specializes in a variety of footwear products, offering options for men, women, and children. The product range includes casual shoes, athletic shoes, dress shoes, and work footwear. Additionally, Shoe Dept sells accessories such as socks, shoe care products, and insoles. The company operates both physical stores and an online platform to reach its customers.

POS PURCHASE: Point of Sale Purchase

POS05437602: Unique transaction ID or terminal identifier

8955800: Merchant ID or store number

SHOE DEPT: Merchant name or store category

0543: Terminal or store location ID

123 MAIN St: Merchant's physical address

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.