Is "SMARTRIP 123 MAIN St 123 MAIN St 06/15" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "SMARTRIP 123 MAIN St 123 MAIN St 06/15"?

Smartrip has been in business since 1999. The company specializes in electronic fare payment systems. Its primary retail product is the SmarTrip card, which is used for fare payment on public transit systems in the Washington, D.C. metropolitan area. In addition to the SmarTrip card, the company provides a mobile application for managing transit fares and balances. The card and mobile app can be used on buses and rail systems operated by the Washington Metropolitan Area Transit Authority (WMATA) and other regional transit agencies.

SMARTRIP: Transaction identifier or service name, indicating the type of transaction or service used

123 MAIN St: Location description, indicating where the transaction took place

123 MAIN St: Additional location detail or repeated field for location

06/15: Transaction date, indicating the date when the transaction occurred (MM/DD format)

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.