Remove Accounting Remove Checkout Remove Loss Prevention
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Turn Your Store Associates into Superheroes with These Four POS Capabilities

Retail TouchPoints

Follow evolving protocols as they relate to loss prevention. Your POS system needs to account for that. Each device can perform core transactional functions — such as the ability to accept card and cash payments and scan products for efficient checkouts — offline. And process returns of stuff people don’t want!

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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

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.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

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.

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Retail x Fintech: The Importance of Security in Retail’s Adoption of BOPIS and Payment Installment Plans

Retail TouchPoints

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.

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EuroShop 2023 – Retail Technology Stage and Connected Retail Stage: IT trends, innovations and hands-on tips

Retail Focus

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.

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2023: The Year of Customer Retention? Retail Tech Predictions

Retail Assist

Physical retail accounts for 75% of sales in the UK and new stores are opening all the time. One innovation we hope will gain more traction is scan-less self-checkout - it uses RFID tags for quick and easy checkout, reduced queues, integrated loss prevention and automatically updated inventory.

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The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

In terms of security and loss prevention, facial recognition can be used to identify known shoplifters or individuals with a history of fraudulent activities, alerting store security personnel and preventing potential theft or fraud. Additionally, it can help monitor employee behaviour and prevent internal theft.