Is "PURCHASE AUTHORIZED ON 01/13 RAINBOW MINI MART 123" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

About "PURCHASE AUTHORIZED ON 01/13 RAINBOW MINI MART 123"

Rainbow Mini Mart has been in business for several years, operating as a convenience store. The store offers a wide range of retail products, including snacks, beverages, household essentials, and over-the-counter medications. It also provides essential services like lottery ticket sales, bill payment options, and mobile phone top-ups. The store caters to everyday consumer needs with a focus on quick, convenient shopping.
  • **PURCHASE AUTHORIZED ON 01/13**: Date of the transaction
  • **RAINBOW MINI MART**: Name of the merchant or store
  • **123 MAIN St**: Merchant's address (or placeholder address)
  • **PXXXXXXXXXXXXXXX**: Masked/hidden part of the card number
  • **CARD 1788**: Last four digits of the used card
  • 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.
    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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