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Is "VERIZON DES:PAYMENTREC ID:XXXXX84020001 INDN:JCO I" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "VERIZON DES:PAYMENTREC ID:XXXXX84020001 INDN:JCO I"

Verizon is a telecommunications company that has been in business since 2000. They provide a range of retail products including wireless plans, smartphones, tablets, accessories, home internet, and digital TV services.
  • VERIZON DES: Denotes the name or description of the recipient or payee, which in this case is Verizon.
  • PAYMENTREC ID: Indicates that it is a payment received transaction.
  • XXXXX84020001: Represents a unique identification number or reference code for the transaction.
  • INDN: Indicates that the payment was made by an individual.
  • JCO ID: Refers to the unique identification number or code for the individual making the payment.
  • XXXXX97101: Represents a unique identification number or reference code for the individual making the payment.
  • WEB: Indicates that the payment was made using an online or web-based method.
  • 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 Verizon.
    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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