Fraud Posts

The Dark Side of the Omnichannel Experience

Ordering online and picking up in-store is one initiative retailers are trying to implement to bridge the gap between online and offline shopping.

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Walmart’s Use of Facial Recognition Tech to Spot Shoplifters Raises Privacy Concerns

An article on Fortune today outlined the use of FaceFirst, a facial recognition technology, in retail outlets to help identify suspected shoplifters. The concept is simple: the system identifies individuals from a live image feed and compares their facial features against a pre-existing database put together by the retailer of known suspects or offenders; if there is a match, a security guard or employee is notified via email, text or SMS alert.

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Daily Dose of iQ: U.S. By Far Largest Victim of Credit Card Fraud

Quartz reported today that nearly half (47%) of global credit card fraud occurs in the U.S., despite the U.S. only accounting for about a quarter (24%) of the world's credit cards, according to a report from Barclays (see above graphic).

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RQ Tips: Map G/L Accounts by Inventory Adjustment Reason Codes

Did you know that you can report shrinkage and inventory adjustments in your general ledger based on the reason for the adjustment? 

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Optus Left Customers' Mobile Voicemail Vulnerable to Hackers

The Age reported last week (May 17) that an 18-year-old university student discovered a security flaw that left hundreds of thousands of Optus customers' voicemail accounts vulnerable to hacking.

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Daily Dose of iQ: The Aftermath of Target's Massive Data Breach

Target faced a PR nightmare over the holidays when, on Dec. 19, it announced a data breach that affected 40 million customers' credit and debit card accounts for in-person transactions made between Nov. 27 and Dec. 15.

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Daily Dose of iQ: Apple Announces iPhone 5S and Cheaper 5C Line

The big news in wireless today was Apple unveiling its new flagship iPhone 5S, as well as its line of more affordable and colorful iPhone 5C phones (pictured above).

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Daily Dose of iQ: 'Smart Lock' Device and App Makes Letting Friends In Easy

Your friends are coming to visit you from out of town today. They arrive while you're at work and typically they'd have to come to your office to get your key and get into your apartment. But with the new Smart Lock from August (pictured above), those days are over.

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Daily Dose of iQ: Eye-Tracking Technology Reveals What Shoppers Look At In-Store

"Imagine walking down an aisle at Target and casting a glance at a big orange bag of Cheetos on the shelf. Next thing you know, an ad featuring Chester Cheetah pops up on a video monitor in the aisle," wrote Meghan McDonough of Digital Trends (April 29). "A new eye-tracking device called SideWays is responsible."

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Daily Dose of iQ: Retailers Use Massive Databases to Track Employee Thieves

Employee theft is a major issue in retail. According to the National Retail Federation, 44% of missing merchandise in 2011 was attributed to employee theft, amounting to a total value of $15 billion.

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Daily Dose of iQ: Five Hi-Tech Ways to Curb Employee Theft

According to the National Retail Federation, employee theft cost companies $34.5 billion in 2011, accounting for 43.9% of total losses, wrote John Patrick Pullen of Entrepreneur magazine (Oct. 24).

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RQ4 Tips: Biometrics Improve Security and Accountability

iQmetrix, in partnership with DigitalPersona, is proud to offer Biometric Authentication in RQ. Exclusively compatible with DigitalPersona fingerprint scanners, iQmetrix offers clients the ability to maximize security and increase accountability through fingerprint authentication in RQ.

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