Self-checkout offers a “built-in excuse” if an associate catches perpetrators in the act, says Malay Kundu, founder and CEO of checkout software platform StopLift. His ScanItAll Self-Checkout AI technology uses artificial intelligence to analyze and compare point-of-sale video and data to clearly identify each retail transaction and spot fraudulent activity.Read Source
Some grocery stores in Rhode Island and Massachusetts are using artificial intelligence to catch shoplifters
The technology, called StopLift, analyzes security video to automatically detect theft or errors at the checkout.Read Source
By Susan Campbell
Some grocery stores in Rhode Island and Massachusetts are using artificial intelligence to catch shoplifters.
The technology, called StopLift, analyzes security video to automatically detect theft or errors at the checkout, according to Malay Kundu, the creator of StopLift.Read Source
Artificial Intelligence (AI) technology, patented by StopLift Checkout Vision Systems, analyzes and compares security video and POS data to determine what occurs during each transaction at retail and supermarket checkouts, quickly distinguishing between legitimate and fraudulent behavior.
StopLift CEO Malay Kundu says that his scan avoidance technology is being used at manned and self-checkouts at retail stores, supermarkets and specialty stores throughout Australia. Up to one out of five items at the self-checkout are not scanned. Shoppers often leave expensive items in a reusable bag while scanning cheaper items. There are many other ways shoppers avoid scanning their purchases at the self-checkout.Read Source
StopLift Making an Impact Worldwide – Australia’s TV News Program “A Current Affair”
StopLift is stopping shoplifters at the self-checkout at retailers, supermarkets and specialty stores in Australia.
Story here:Read Source
From Spotting Terrorists to Detecting Shrink, StopLift Founder Shows How Artificial Intelligence Helps Stop Shoplifters
WBZ / CBS Boston interviewed Malay Kundu of StopLift who is finding un-scanned items at grocery checkouts and other retail stores. Previously he developed technology to detect terrorists at airports.Read Source
Amanda Thompson writes about how “scan avoidance and ‘sweethearting’ have traditionally been the Achilles heel for retailers in terms of asset protection, because they leave no data trail. Malay Kundu, CEO and founder of StopLift, tells her why.Read Source
Reporter Sophie Elsworth explores new technology being piloted in Australia, which can distinguish when a customer scans items incorrectly at the checkout.
The technology has been created by US company StopLift and has been in testing phase since starting late last year.
Chief Executive Officer Malay Kundu said it had so far “found a fair amount of theft and loss at both manned and self-checkout consistently across various locations in Australia.”
“Our algorithms are analysing that material continuously so it’s able to watch all of that video footage and compare that with transaction data,’’ he said.
The vision is monitored using artificial intelligence to catch out thieves.
Alerts are also sent to staff monitoring self-serve check-outs via a mobile device when customers are incorrectly scanning items or not scanning them at all.
Malay Kundu, Founder and CEO of StopLift, has developed AI technology to catch a number of different ways both self-checkout customers and cashiers cheat the system.Read Source