Is "TARGET DEBIT CRD ACH TRAN PPD ID: TPPSTRIPE1" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "TARGET DEBIT CRD ACH TRAN PPD ID: TPPSTRIPE1"?

Target Corporation has been in operation since 1902. Their retail offerings span multiple categories including clothing, furniture, electronics, toys, and groceries, among others. The company also provides online shopping and shipping services.'

TARGET: The name of the merchant or business involved in the transaction.

DEBIT: Indicates that the transaction resulted in a withdrawal or decrease in the account balance.

CRD: Stands for "card," indicating that the transaction was made using a card (debit or credit).

ACH: Stands for "Automated Clearing House," a network used for electronic payments and money transfers.

TRAN: An abbreviation for "transaction."

PPD: Stands for "Prearranged Payment and Deposit," indicating that the transaction was preauthorized and initiated by the account holder.

ID: Identification number associated with the transaction.

TPPSTRIPE1: Could be a reference to the payment platform or processing service used for the transaction.

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SimplyWise Community Comments

SarahJ89

I got this transaction an hour ago. I almost fell for this scam!

5 days ago

IvyPatterson

I called my bank and they said to reset all my passwords and get a new card.

2 weeks ago

JohnT

I just got an email about a $200 transaction that I don't recognize. I haven't made any purchases recently. Has anyone else seen something like this? What should I do?

1 month ago

Mike_West

Received an email with a transaction notification for a service I never signed up for. It looks legitimate but I'm really worried. Could this be a scam or a mistake?

2 months ago

AnnaB23

I found a charge on my account for an amount I didn’t authorize, and I got an email confirmation for it. I'm sure I didn't make this transaction. How do I resolve this?

5 months ago

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