StopLift provides video analytics and computer vision for Point of Sale (POS) revenue assurance. The company’s loss detection services significantly reduce inventory shrinkage, deter future theft, and boost profitability to ensure that retailers get paid for every sale at the front-end of the store.Read PDF Read Source
“For now, self-service technology is multiplying the opportunity for dishonesty, rather than eliminating it.” […] “Malay Kundu, who developed a facial recognition system to spot terrorists in airports now uses similar technology to catch a growing contingent of self-checkout thieves.”Read PDF Read Source
Sadly for retailers, whatever their size, it is not just people coming into store intent on shoplifting or trying to sneak items through at the checkout that are causing costly shrinkage. In fact, some estimates suggest that nearly 40 percent of retail crime, by value, can be attributed to the workers themselves as they employ their insider knowledge to steal ever more lucrative items and even, in some cases, to collude with outside elements.Read Source
The holidays are upon us which means fun, food, and shopping. A big item to buy at the supermarket is turkeys and a growing trend involves not buying them at all.
“Sweethearting” is when a cashier sneaks a turkey through the checkout for a shopper without actually scanning the item.
StopLift is a company implementing new technology to stop this illegal activity.
Tara Jankway chatted with founder Malay Kundu about StopLift’s strategy to save the turkeys.Read Source
Malay Kundu shows how his StopLift technology detects unscanned turkeys and other items at the checkout in a largely unreported crime, costing retailers $14 billion annually.Read Source
Celebrating the best of retail risk and loss prevention in the United Kingdom, Retail Knowledge recently hosted the UK Retail Fraud Awards, providing a unique opportunity for the retail loss prevention industry to recognize the retailers, teams, vendors and individuals who have made outstanding contributions in 2016.Read Source
Even that Thanksgiving turkey is costing supermarkets – and you – money. Who’s watching those overhead cameras at the checkout? Supermarkets and retailers have implemented StopLift, whose technology detects unpaid merchandise on the conveyor belt, in the shopping cart, or reusable bag at both the manned and self-checkout.Read Source
Turkeys are being stolen in plain sight at the checkout. Malay Kundu, CEO of StopLift Checkout Vision Systems, has software in supermarkets across the U.S. that is detecting unscanned turkeys and all other items.Read Source
Shoplifting and insider theft has been around since before currency was invented. For a number of years now Stoplift Checkout has been providing technology that detects when items are not scanned. It’s a rather ingenious approach, combining overhead cameras and POS systems to make it happen, but we’ve written about it before and seen it in action, and it really works!Read Source
Malay Kundu, Founder and CEO of StopLift Checkout Vision Systems, has received an award by Retail Fraud for “Innovative In-Store Surveillance” sponsored by Retail Risk in the UK. The award was presented at Retail Fraud Awards during Retail Risk’s international Loss Prevention conference. StopLift has been awarded over a dozen patents for ScanItAll, which detects non-scanned items at manned and self-checkout, the Achille’s heel of retailers and supermarkets and billions of dollars in shrink.Read Source