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News

Retail POS and Timekeeping Fraud Reduction Using Biometrics

DigitalPersona : 07 January, 2011  (Application Story)
The U.are.U fingerprint biometric solution from DigitalPersona is being incorporated by Tomax in retail solutions for the prevention of Point-of-Sale and Time and Attendance fraud in retail companies
DigitalPersona has announced that Tomax, a provider of real-time merchandising and store execution software applications and services, has integrated U.are.U fingerprint biometrics from DigitalPersona into their Retail.net Point of Sale and Workforce Optimization software solutions. By using U.are.U fingerprint readers, Retail.net helps retailers boost productivity through more efficient system login, decrease shrink from unauthorized voids and reduce payroll fraud.



According to The Centre for Retail Research¹s Global Retail Theft Barometer, employee fraud and theft result in approximately $40.7 billion of retail shrink per year. Additionally, the American Payroll Association estimates payroll fraud can account for up to five percent of total payroll expense.  These combine to significantly impact retailers’ bottom line, creating the need for solutions such as U.are.U biometrics that secure the retail environment without affecting business processes.



Tomax provides end-to-end thin-client, web-based software solutions that are highly scalable, enabling “Retail-in-Realtime”. The company¹s solutions span common operations such as forecasting, point-of-sale (POS), store systems, reporting, time and attendance and optimization. This allows retailers to be more agile and respond to changing conditions in customer demand and operations across the organization. The company’s POS solution includes support for multi-channel environments, tight integration with merchandising and store system modules, full resiliency and support for various pricing and promotional combinations. Retail.net with integrated fingerprint biometrics provides retailers with a quick, secure solution to effectively manage cash register functions and payroll.



“Tomax’s solutions are designed to make processes across the retail environment fast and efficient. With this in mind, we knew early on that we had to look beyond conventional retail system approaches to meet our customers’ needs,” said Andrew Lawrence, vice president of product development at Tomax. “Adding U.are.U fingerprint biometrics from DigitalPersona to our solutions allows our customers to process transactions and operate more efficiently and securely  it’s protection that helps their bottom line.”



Tomax selected U.are.U fingerprint biometrics because of DigitalPersona’s proven industry track record, low cost per unit and reliability. DigitalPersona’s fingerprint recognition technology provides retailers with quick, secure logon that incorporates identity into each transaction and reduces fraudulent activities such as cash register shrink and “buddy-punching”. DigitalPersona U.are.U fingerprint readers are integrated into most of the leading biometrically-enabled POS terminals, and can also be plugged into existing POS terminals as USB peripherals.



“Retailers have identified biometrics as a solution to threats that commonly arise in transaction and payroll operations,” said Jim Fulton, vice president of marketing, DigitalPersona. “DigitalPersona’s U.are.U fingerprint biometrics reduce transactional and payroll fraud, boost productivity and reduce the reliance on passwords, PINs and swipe cards. DigitalPersona makes it easy for software developers to integrate biometrics and develop a competitive advantage while increasing value through rapid return on investment.”
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