Is "Web Authorized Pmt Speedpay" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "Web Authorized Pmt Speedpay"?

Speedpay is a company providing electronic bill payment solutions. Established in 1989, Speedpay has been in business for over three decades. The company offers services that include bill payment processing, electronic bill presentment, and payment reminders. Speedpay caters to businesses across various industries, including utilities, insurance, financial services, and government entities. The company facilitates payments through multiple channels, such as online portals, mobile applications, and automated phone systems. Speedpay is a subsidiary of Western Union.

  • Web Authorized: Payment was authorized through an online platform.
  • Pmt: Indicates that this is a payment transaction.
  • Speedpay: Name of the specific service used to make the 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.
    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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