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Is "PROG PREFERRED DES:INS PREM ID:XXXXX7741 JOHN DOE " fraud?

Written by Aiden Lee

June 18th, 2024

About "PROG PREFERRED DES:INS PREM ID:XXXXX7741 JOHN DOE "

Prog Preferred has been in business since 1996. The company provides a range of retail products, including electronics, home appliances, furniture, and various accessories. They operate through both physical stores and an online platform, offering installment payment plans for customers. Prog Preferred is known for its services that cater to customers who prefer flexible financing options.
  • PROG PREFERRED: Company or plan name initiating the transaction
  • DES:INS PREM: Description, Insurance Premium
  • ID:XXXXX7741: Unique identifier for the payment
  • JOHN DOE: Name associated with the transaction
  • INDN:JOHN DOE: Individual name connected to the transaction
  • CO ID:XXXXX48096: Company identification number
  • PPD: Prearranged Payment and Deposit, standard entry class code
  • 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 Prog Preferred.
    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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