THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Marks & Spencer To Catch Fraudsters At The Till

New Monitoring System Biggest Thing Since CCTV May 19 2002 Marks & Spencer has implemented a new 30-second fraud detection system which it claims will reduce… View Article

GENERAL MERCHANDISE

Marks & Spencer To Catch Fraudsters At The Till

New Monitoring System Biggest Thing Since CCTV
May 19 2002
Marks & Spencer has implemented a new 30-second fraud detection system which it claims will reduce fraud at the till point by 10 per cent.

The technology works so fast that the perpetrator can be caught in the act.
Till transactions will be monitored by a ‘listening’ system. Suspect transactions are identified by comparing patterns of buyer behaviour and mapping receipts from individual cash registers with centralised information. Once a suspect transaction is identified, an SMS is immediately sent to store security and managers mobile phones. This whole process takes only 30 seconds.
Martin Wilkinson, profit protection manager at Marks & Spencer said: “We serve over 10 million customers a week, and although the vast majority of our customers do pay, there is a very small minority that don’t. There has been an explosion in retail fraud and it is inevitable that as one of the largest UK retailers, we are going to suffer. “This system is the most exciting advance in the detection of retail crime since the arrival of CCTV.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >