Is "THE PARKER COMPA PREAUTHPMT CO ID:XXXXX08864 POS P" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "THE PARKER COMPA PREAUTHPMT CO ID:XXXXX08864 POS P"?

The Parker Company has been in business for over 115 years, having been founded in 1904. The company provides a wide range of retail products including automotive parts, industrial equipment, plumbing fixtures, and electronic components. Its product offerings also extend to equipment for the energy sector and various consumer goods. The Parker Company operates through a network of retail locations and an online platform, serving both individual customers and businesses.

  • THE PARKER COMPA: Company name (i.e., Parker Company)
  • PREAUTHPMT: Preauthorized payment
  • CO ID: XXXXX08864
  • POS PARKER: Point of Sale transaction at Parker location
  • CO-123 MAIN St: Address of the transaction (Parker, CO at 123 Main St)
  • Verify if this transaction is fraud in 30 seconds

    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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