In the rapidly evolving landscape of retail and ecommerce, fraud detection has become a critical concern. With online payment fraud losses estimated to approach $48 billion annually, the need for advanced technological interventions is more urgent than ever. One innovative technology making waves
The retail industry grapples with significant challenges in mitigating shrinkage, which encompasses losses from theft, fraud, and operational errors. Traditional loss prevention measures, including security personnel, alarms, and cameras, have proven inadequate in addressing the sophisticated and
The retail industry is undergoing a seismic shift driven by cutting-edge technologies, particularly artificial intelligence (AI). The potential for AI to revolutionize retail is immense, touching everything from customer service to supply chain management. But how exactly can AI help retailers
National Retail Solutions (NRS), a prominent provider of POS solutions for independent retailers, has recently teamed up with LottoShield, a state-of-the-art lottery fraud prevention system, marking a significant step forward in securing lottery ticket sales for small businesses. Independent
In the first half of 2024, an alarming 4.6% of all attempted digital transactions involving consumers in Kenya were flagged as suspected digital fraud, positioning the country as tenth among 19 regions globally analyzed by TransUnion. The TransUnion ## 2024 Update to the State of Omnichannel Fraud
The landscape of payment technology has evolved rapidly, driven by an increasing need for security and efficiency in transactions. As businesses and consumers adapt to these changes, EMV POS (Point of Sale) terminals have emerged as a pivotal tool in ensuring secure payment processes. This article
