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Is "MCA SERVICING DES:XXXXX43863 ID:PAYXXXXX3144113 IN" fraud?

Written by Piper Hall

June 18th, 2024

About "MCA SERVICING DES:XXXXX43863 ID:PAYXXXXX3144113 IN"

MCA Servicing has been in business since 2011. The company specializes in providing merchant cash advance solutions. MCA Servicing offers a range of financial services including business funding, working capital loans, and revenue-based financing. Their main clientele includes small to medium-sized businesses seeking alternative funding options to traditional bank loans.
  • MCA: Merchant Cash Advance
  • SERVICING: Service-related transaction
  • DES:XXXXX43863: Description ID, used internally by the bank for categorization
  • ID:PAYXXXXX3144113: Payment identifier number
  • INDN:ACME LLC: Payee's (or merchant's) name
  • CO ID:XXXXX12757: Company ID, unique identifier for the company
  • CCD: Cash Concentration or Disbursement, type of electronic payment
  • 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 Mca Servicing.
    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.
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