Is "SPEEDPAY DES:DIRECT ENE ID:1720589 INDN:JOHN DOE " fraud?

Written by Gavin Brooks

June 18th, 2024

Medium Risk

What is "SPEEDPAY DES:DIRECT ENE ID:1720589 INDN:JOHN DOE "?

Speedpay is a company providing electronic bill payment solutions. Established in 1989, Speedpay has been in business for over three decades. The company offers services that include bill payment processing, electronic bill presentment, and payment reminders. Speedpay caters to businesses across various industries, including utilities, insurance, financial services, and government entities. The company facilitates payments through multiple channels, such as online portals, mobile applications, and automated phone systems. Speedpay is a subsidiary of Western Union.

SPEEDPAY DES: DIRECT

Payment Service: SPEEDPAY, Description

ENE ID: 1720589

Internal Entity ID: 1720589

INDN: JOHN DOE

Individual Name: JOHN DOE

CO ID: XXXXX37002

Company ID: XXXXX37002

PPD :

Standard Entry Class Code: Prearranged Payment and Deposits (PPD)

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.