NCR, the banking and commerce solutions company, announced Tuesday (Nov. 6) that it has acquired StopLift Checkout Vision Systems, an intelligent computer vision system, to combat theft in the retail business.Read Source
StopLift Checkout Vision Systems has now detected and confirmed 3 million incidents of scan-avoidance at both manned and self-checkouts at retailers in the U.S. and around the world.Read Source
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
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 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
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.Read Source
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.Read PDF Read Source