Retail/Restaurants/Convenience

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Shrink, comprised of shoplifting, employee or supplier fraud, and administrative errors, continues to plague many retailers in the U.S.

Shrink, comprised of shoplifting, employee or supplier fraud, and administrative errors, rose in the U.S. from 1.28 percent of sales in 2013-2014 to 1.97 percent during 2014-2015.

Target has become the first major credit card issuer to convert to cards that contain a PIN.
 

The National Retail Federation said it agreed with a warning from the FBI that new chip-based credit cards are safer than traditional cards but still vulnerable to fraud and need to be used with a PIN to minimize risk.

A new study reveals a dramatic increase in the overall cost of cyber crime. 

According to the LexisNexis® True Cost of Fraud study, merchants are overwhelmed by increasing revenue losses to fraud.

A survey has found that that 56 percent of consumers are unaware of what an EMV or 'chip' credit card is.
 

When it comes to the organized crime gangs that wreak havoc on retail stores, inventory and the bottom line, retailers are getting more aggressive in their efforts to fight the problem.

Video analytics are driving actionable intelligence for retail businesses – how can you get on board?

A consumer survey from First Insight says that more than 75 percent of respondents would not shop at a store that used facial recognition technology for marketing purposes.