Is "TARGET DEBIT CRD ACH TRAN PPD ID: TPPSTRIPE1" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "TARGET DEBIT CRD ACH TRAN PPD ID: TPPSTRIPE1"?

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 of the merchant or business involved in the transaction.

DEBIT: Indicates that the transaction resulted in a withdrawal or decrease in the account balance.

CRD: Stands for "card," indicating that the transaction was made using a card (debit or credit).

ACH: Stands for "Automated Clearing House," a network used for electronic payments and money transfers.

TRAN: An abbreviation for "transaction."

PPD: Stands for "Prearranged Payment and Deposit," indicating that the transaction was preauthorized and initiated by the account holder.

ID: Identification number associated with the transaction.

TPPSTRIPE1: Could be a reference to the payment platform or processing service used for the 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.

SimplyWise Community Comments

Ronald Johnson

This fraudulent charge from TARGET DEBIT CRD ACH TRAN PPD ID: TPPSTRIPE1 on my statement on 06/15/2024 is absolutely infuriating! How can they get away with this?

Curtis McKinley

Saw this TARGET DEBIT CRD charge on my statement on 3/15/2023 - anyone else? Worried, can't recall making this transaction! Any advice appreciated.