Is "ACH Electronic Debit - Midland Credit M PAYMENT" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "ACH Electronic Debit - Midland Credit M PAYMENT"?

Midland Credit Management (MCM) has been in business since 1953. The company specializes in debt purchasing and recovery services. MCM works with consumers to help resolve unpaid debts and provides solutions for individuals to manage their debt. The company operates primarily in the financial sector and does not offer physical retail products but focuses on financial services and debt resolution programs.

  • ACH: Automated Clearing House
  • Electronic Debit: Type of transaction indicating funds are withdrawn electronically from the account
  • Midland Credit: The recipient or entity receiving the payment
  • M PAYMENT: Description of the transaction, likely indicating it's a payment to Midland Credit
  • 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 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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