Now more than ever, convenience store retailers need to protect against fraud, reduce exposure to liability from regulatory violations and proactively show improved community responsibility. Fraud is on the rise and criminals are adapting easily accessible digital technology to aid them in their counterfeiting activities.
Convenience store fraud prevention includes identity theft, fraudulent or stolen credit cards and counterfeit money – all of which affect the bottom line in an industry that is already struggling to recover from a rough economy.
Identity verification is vital in the convenience store environment due to the nature of the restricted products they sell. Sales of alcohol and tobacco require age verification – failure to do so may result in severe fines and expensive legal proceedings and/or the loss of liquor licenses. Sales of over-the-counter cough medicines require compliance with CMEA (Control Methamphetamine Act), which at a minimum means the retailer, must log ID’s of suspicious pseudoephedrine purchases.
In addition to issues associated with ID verification and underage sales, factor in losses from counterfeit money and fraudulent checks and it is just that much harder for retailers to increase their profits. We can help with low cost, simple to use products that require little to no training and immediately verify ID’s and detect counterfeit money at the point of sale.
FraudFighter™ can help to design and implement a seamless fraud prevention program that is well–suited for convenience store retailers. FraudFighter™ solutions are inexpensive and reliable protection controls that stop fraudulent identification immediately as well as eliminate fraud resulting from counterfeit funds, phony checks or fake credit cards.