Is "TARGET DEBIT CRD ACH TRAN 000704053673249 POS ID: " fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "TARGET DEBIT CRD ACH TRAN 000704053673249 POS ID: "?

Target Corporation has been in operation since 1902. Their retail offerings span multiple categories including clothing, furniture, electronics, toys, and groceries, among others. The company also provides online shopping and shipping services.'

TARGET: The name or identifier of the merchant or company involved in the transaction.

DEBIT: Indicates that the transaction was a debit, meaning money was taken out of the account.

CRD: Abbreviation for "card," indicating that the transaction was made using a card.

ACH: Abbreviation for "Automated Clearing House," suggesting that the transaction was processed through an electronic network for transferring funds between financial institutions.

TRAN: Short for "transaction," indicating that the code refers to a specific transaction.

000704053673249: Unique identifier or reference number for the transaction.

POS ID: Stands for "Point-of-Sale Identification," suggesting that the transaction was made at a physical location using a card terminal.

1410215170: The specific identifier or code associated with the point-of-sale 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.