Is "SMARTPAY REWARDS PREAUTHPMT 2306" fraud?

Written by Sage Wallace

June 18th, 2024

Medium Risk

What is "SMARTPAY REWARDS PREAUTHPMT 2306"?

SmartPay Rewards has been in operation since 2013. The company offers a mobile payment and rewards program primarily for gas stations and convenience stores. Users can purchase gasoline and in-store items using the SmartPay app, which provides discounts and rewards points for each transaction. The program includes features such as price protection and exclusive member savings. SmartPay Rewards collaborates with several regional and national fuel brands to make their service widely accessible.

SMARTPAY REWARDS: This indicates the program or service through which the transaction was made, likely a rewards program.

PREAUTHPMT: This stands for "Pre-authorized Payment," indicating that the payment was pre-approved or scheduled.

2306: This is likely a date reference, indicating June 2023.

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.