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NCR Corporation has acquired StopLift Checkout Vision Systems, an intelligent computer vision systems provider for retail POS platforms. Financial terms of the transaction were not disclosed.
With the growth of Amazon Go and other competing technologies in the cashierless self-checkout space, NCR is reinforcing its focus on self-checkout solutions.
NCR Corporation (NYSE: NCR) today announced that it has acquired StopLift Checkout Vision Systems, a leader in intelligent computer vision systems, to combat theft in the retail business. Financial terms of the transaction were not disclosed.
NCR Corporation (NYSE: NCR) today (November 6, 2018) announced that it has acquired StopLift Checkout Vision Systems, a leader in intelligent computer vision systems, to combat theft in the retail business. Financial terms of the transaction were not disclosed.
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.
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.
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.
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.
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.