Fraud prevention professionals in the retail clothing industry can enhance clothing loss prevention and detect and deter financial crimes & counterfeit money instantly.
Clothing retailers are particularly vulnerable against fraud related crimes now more than ever because criminals are using readily available, off–the–shelf technologies that help them to achieve their criminal intentions. Fraud is a problem that costs more than $221 billion worldwide and it’s getting worse. 50% of large retailers saw upsurges in credit card fraud over the last few years; 20% of all businesses reported increased ID fraud losses. Unfortunately for hard working clothing retailers, as fraud rises, so does regulatory pressures intended to reign in the rampant levels of financial crime, while revenues fall.
Highly prevalent retail fraud includes identity theft, the use of fake identifications and fraudulent or stolen credit cards – all of which affect the bottom line in an industry that operates on tight margins to begin with and is already struggling to recover from a rough economy. To suffer unnecessary losses from fraud makes it hard for clothing retailers to increase their profits.
Our fraud prevention solutions can help lower fraud related theft and increase profits with easy to use, inexpensive and reliable protection controls to stop fraud immediately. We deliver multi–layered protection to prevent fraud at the point of transaction. You can easily implement an affordable fraud prevention program with FraudFighter™ and eliminate fraud before it can occur with financial instruments such as counterfeit money, fraudulent checks or fake credit cards, or via fraudulent product returns.