Is "METRO FARE AUTOLOAD" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "METRO FARE AUTOLOAD"?

Ventra has been in business since September 2013. The company operates in the public transportation payment system sector, providing services primarily to the Chicago Transit Authority (CTA) and Pace, which is a suburban bus service. Ventra specializes in the sale and management of contactless fare payment cards, which can be used for train and bus rides. Additionally, the company offers a mobile application that allows users to manage their accounts, add funds, and purchase transit passes.

  • METRO: Refers to the company or organization associated with the transaction (in this case, likely a metro or public transportation system)
  • FARE: Indicates the type of transaction, in this case a fare payment
  • AUTOLOAD: Likely refers to an automatic reloading or replenishment of a fare card or account with a preset amount of money

    • 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
    Transaction codes from Ventra
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