Fraud Detection

How Can AI Transform Retail for Better Customer Experience and Efficiency?
Tech & Innovation How Can AI Transform Retail for Better Customer Experience and Efficiency?

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

How Can NRS and LottoShield Reduce Lottery Theft for Retailers?
Operations & Management How Can NRS and LottoShield Reduce Lottery Theft for 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

Kenya Faces Increasing Digital Fraud in Online Retail and Gaming
Tech & Innovation Kenya Faces Increasing Digital Fraud in Online Retail and Gaming

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

How Are EMV POS Terminals Shaping the Future of Secure Payments?
Operations & Management How Are EMV POS Terminals Shaping the Future of Secure Payments?

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

How Is AI Revolutionizing Retail with Real-Time Data Insights?
Tech & Innovation How Is AI Revolutionizing Retail with Real-Time Data Insights?

The retail industry is undergoing a significant transformation due to advancements in artificial intelligence (AI). Over the last 15 years, AI has gradually evolved within the sector, starting with AI-powered virtual assistants on major retail websites. Today, AI influences multiple facets of

How Can AI Counter Synthetic Identity Fraud in Retail Accounts?
Tech & Innovation How Can AI Counter Synthetic Identity Fraud in Retail Accounts?

Retailers are under siege from increasingly sophisticated fraudsters using AI to create synthetic identities. This burgeoning threat in the retail sector involves criminals exploiting stolen consumer data to fabricate identities or "franken-customers." These fake accounts can wreak havoc,

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