Retail TouchPoints

JULY 12, 2023

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

Payment Services 231

Payment Services Inventory Management Checkout Loss Prevention 231

365 Retail

NOVEMBER 22, 2023

Inferring meaningful information from digital images and videos: retailers’ hopes to have a new, highly efficient tool against shoplifting, loss and organised crime in future are based on Computer Vision, a sub-segment of Artificial Intelligence (AI). The camera points at the scan area of the self-checkout terminal.

Payment Services 104

Payment Services Loss Prevention Checkout Shopping 104

Retail Focus

JANUARY 13, 2023

Value Added Friction: A New Way to Look at Loss Prevention at Self-Checkout. Michał Wesołowski, Checkpoint Systems, Strategic Account Manager. Frank Heinrich, Pentland Firth Software GmbH – a company forming part of the EDEKA Minden-Hannover Stiftung & Co. End-to-End Digitalisation in Claim Management.

Loss Prevention 130

Loss Prevention Checkout Management Accounting 130

Retail TouchPoints

NOVEMBER 20, 2023

That’s why it’s important to understand the most common forms of theft and the measures you can take to prevent loss without deterring valued customers. External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022.

Payment Services 312

Payment Services Sporting Goods Inventory Management Loss Prevention 312

Retalon

APRIL 27, 2021

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. Online sales now account for more than 20% of total retail sales. Online sales are as mission-critical as in-store sales to today’s retail business.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

SEPTEMBER 22, 2021

At checkout, the shopper would have multiple fulfillment options to select from – including BOPIS. The rise of at-home delivery forced loss prevention managers to start looking beyond the store. Whereas BOPIS shifts the delivery to the retail premises where store employees and loss prevention practices control every order.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail TouchPoints

OCTOBER 15, 2020

When they do, they create accounts and pass credit checks using stolen consumer information. They then order and intercept items before these can be delivered to the unsuspecting victim, who is mostly unaware of accounts opened in their name or goods purchased on their account. Tokenized Data is Useless to Fraudsters.

Payment Services 132

Payment Services Planning Accounting Loss Prevention 132