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Is "AMAZON CORP SYF PAYMNT" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "AMAZON CORP SYF PAYMNT"

Amazon is a multinational e-commerce company that was founded in 1994. It offers a wide range of retail products, including electronics, books, clothing, home goods, and more. Amazon has an extensive online platform and operates various marketplaces worldwide.
  • AMAZON CORP: Refers to the merchant or company involved in the transaction, in this case, Amazon Corporation.
  • SYF: Stands for Synchrony Financial, which is a financial institution that handles the payment for the transaction.
  • PAYMNT: Indicates that the transaction is a payment made to the merchant or company.

    • Find & fight fraud from anywhere

    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 Amazon.
    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
    Harrison Williams
    3 months ago
    Hey, just noticed this charge from AMAZON CORP SYF PAYMNT on my statement! Anyone else had this? Is it legit? Curious to know. Saw it on 5/7/2023.
    Harvey Anderson
    3 months ago
    Hey, I noticed a similar charge on my card this month too! It's definitely worth investigating to avoid any fraudulent activities.