StopLift AI Loss Prevention Technology Used in Australian Checkouts

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.

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New technology in Australian supermarkets and retailers catches out would-be thieves by Sophie Elsworth

New technology being piloted in Australia 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.

 

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AI on Video & POS Uncovers 50X Revenue Multiplier

The real goal of Artificial Intelligence (AI) in retailing is to uncover hidden gems of revenue multiplication in the data that retailers already possess. The largest treasure trove of such data is a retailer’s video footage, and the second largest source is its POS data. As it turns out, marrying the two data sources has uncovered a potential 20X to 50X revenue multiplier.

Artificial Intelligence technology, patented by StopLift Checkout Vision Systems, analyzes and compares security video and POS data to determine what occurs during each transaction at the retail or supermarket checkout and immediately distinguish between legitimate and fraudulent behavior.

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Tech Solutions: To Tag a Thief

Grocery Headquarters 10-17

No one wants to sit in a back room watching surveillance videos of the checkout to see if anyone is stealing.  And most stores don’t want to pay someone to do it.  Security people are looking for thieves in the aisles.  Malay Kundu, founder of StopLift Checkout Vision Systems, has technology that detects unscanned items at the checkout, where most of the shrink occurs.

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