LP Information

Returns fraud represents an $11.8 billion annual criminal enterprise in the United States, according to NRF statistics.

SIRAS is a pioneer in POS Electronic Product Registration, a process that enables retailers to control returns, limiting them to only those products truly eligible for return. According to the company, these controls resulted in savings of $150 million for a handful of SIRAS' top retail clients, and the ROI for those retailers exceeded 10:1.

It’s a little bit like waking up at 3 a.m. and realizing that an intruder is moving through your house. Retailers typically feel that kind of jolt when they discover that someone has deployed malware in an attempt to capture credit card data or proprietary information about their businesses.

As retailers navigate the process of becoming compliant with the PCI Data Security Standard, they are simultaneously addressing other software issues that affect the bottom line, like unauthorized software programs that can impact system performance.

When you’re selling popular electronics devices, there are a lot of advantages to allowing customers to handle and inspect them — maybe even try out some of the features — while they’re still in the store. But it’s hard to sell consumers on the attractiveness of a product when false alarms keep sounding or the devices suddenly become inoperable.

A recent article in The Wall Street Journal stated: “In the wake of the recession, more businesses are facing a growing financial threat: employee theft.”

The unfortunate reality is that employees are increasingly feeling financially squeezed. Many are downright scared, and fear causes even the most loyal employees to make rash decisions that can result in theft and misconduct. This trend is having an alarming impact on retailers.