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Is "SYNCB PHONE PAYMEN800-292-7508 G" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "SYNCB PHONE PAYMEN800-292-7508 G"

Synchrony is a financial services company that has been in business since 2003. They specialize in providing private label credit cards, co-branded credit cards, and installment loans to a variety of retail sectors. The company offers financing options for customers of various merchants, including major retailers in industries such as home furnishings, electronics, and automotive. Synchrony's services primarily revolve around helping consumers afford their purchases through flexible payment solutions.
  • SYNCB: This indicates the name of the institution that processed the transaction, which in this case is SYNCB.
  • PHONE PAYMEN: This suggests that the payment was made over the phone.
  • 800-292-7508: This is the phone number associated with the transaction.
  • G: It could represent the currency code or the type of payment method used (such as "G" for general payment). Without further context, it is difficult to determine the exact meaning of "G" in this case.

    • 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 Synchrony.
    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.
    SimplyWise Community Comments
    Frank Johnson
    3 months ago
    Hmm, this charge on my statement seems fishy. Never heard of it before. Gonna keep an eye on my cards and call my bank right away. #fraudconcerns