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
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
Retail chains worldwide are installing StopLift Checkout Vision Systems’ Scan-It-All video recognition technology to detect scan avoidance incidents at both the manned and self-checkout. From retailers on four continents, including Tesco in the UK, StopLift has already detected and confirmed more than 1.7 million incidents at thousands of checkouts.Read Source
Out of hundreds of companies that applied for the honor, StopLift has been shortlisted by The Retail Fraud Awards for most innovative in-store surveillance.Read Source
Tim Compston, Features Editor at SecurityNewsDesk and SecurityMiddleEast.com, interviews Malay Kundu, Founder and CEO of StopLift Checkout Vision Systems, about the way that video analytics is helping to secure retail checkout areas from criminal activity.Read Source
StopLift Checkout Vision Systems has now detected more than 1.5 million incidents of scan-avoidance at both manned and self-checkouts at retailers around the world.
StopLift’s Scan-It-All™ video recognition technology has confirmed more than 1.5 million-plus incidents, which include “sweethearting”, when cashiers pretend to scan merchandise but deliberately bypass the scanner, thus not charging the customer for the merchandise. The customer is often a friend, family member or fellow employee working in tandem with the cashier. Many scan avoidance incidents are also caused by customers using self-checkout.Read Source
StopLift’s Scan-It-All video recognition technology has confirmed more than 1.5 million-plus incidents, which include “sweethearting”, when cashiers pretend to scan merchandise but deliberately bypass the scanner, thus not charging the customer for the merchandise.Read Source
Santa hats and holiday gifts are being stolen in plain sight – at both the manned and self-checkout. Overhead cameras at the checkout are detecting the growing theft of retail goods. But who’s watching the cameras?Read Source
Two Piggly Wiggly owners in Alabama say they have saved tens of thousands of dollars with a scan avoidance system that detects cashier theft.
Chris Ajlouny, who owns 10 Piggly Wiggly supermarkets in the Birmingham area, and Keith Holley, owner of a Piggly Wiggly in Wetumpka, knew that cashiers were either stealing or failing to scan items, leading to major losses.Read PDF