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Is "PROSPER MARKETPL DynCdit_2 PPD ID: ACH2602853" fraud?

Written by Ava Morales

June 18th, 2024

About "PROSPER MARKETPL DynCdit_2 PPD ID: ACH2602853"

Founded in 2005, Prosper Marketplace operates as a peer-to-peer lending company. It offers a platform where individuals and institutions can invest in personal loans, as well as borrow money online. The company facilitates the financing of various types of personal loans including debt consolidation, home improvement, and medical expenses. Additionally, Prosper Marketplace provides tools and resources for loan evaluation and investment performance tracking.
  • **PROSPER MARKETPL**: Vendor or Merchant name (Prosper Marketplace)
  • **DynCdit_2**: Dynamic Credit reference or descriptor
  • **PPD**: Prearranged Payment and Deposit entry (standard ACH transaction type)
  • **ID: ACH2602853**
  • 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 Prosper Marketplace.
    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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