Fraudulent receipts could be taking very real dollars from your bottom line

The wide availability of affordable yet sophisticated color printers and computer software now provides thieves with the ability to create fake or duplicate receipts. It is estimated that this type of return fraud costs retailers billions of dollars every year. And up until now, the integration of technology that has been available to retailers for reducing this type of fraud has been time-consuming and expensive. But now there’s Receipt Verification^SM from The Retail Equation, a cost-effective and easy-to-use system for identifying fraudulent or invlalid receipts.

Thieves are smart. Receipt Verification^SM is smarter

Receipt Verification^SM is 100% accurate—it approves every return that is accompanied by a valid receipt and rejects those returns that are accompanied by false or duplicate receipts. Receipt Verification^SM does more than just compare fields of data; it helps you make intelligent business decisions. Consider this scenario: when a customer brings an item to be returned, certain fields from the receipt are entered or scanned into the system. In a matter of sub-seconds, the information is cross-referenced with the retailer’s purchase data. If certain fields don’t match, the receipt is identified as being fraudulent. But is it? Using the intelligent Receipt Verification^SM, you can determine between clerk error and receipt fraud. Receipt Verification^SM ensures you will preserve your profits—without exposing your good customers with valid returns.

You’re less than a month from your last fraudulent receipt

The simple software interface can be used as a stand-alone terminal provided by The Retail Equation, or installed within your POS system. Receipt Verification^SM can be installed and operational in less than 30 days.

Receipt Verification^SM and Verify-2 are the foolproof system

Use Receipt Verification^SM alone or in conjunction with the Verify-2 Return Fraud Detection System. Verify-2 tracks consumer return behavior but, depending on the parameters established by the retailer, it could take several fraudulent receipted returns before someone is denied. However, with Receipt Verification^SM as part of the equation, it is possible to identify consumers using fraudulent receipts and deny their return sooner—without the possibility of alienating good customers.

Receipt Verification^SM is one component of a complete returns management solution

Receipt Verification^SM is a powerful, proven solution for returns management. Yet it becomes an even greater resource when used in conjunction with The Retail Equation’s Verify-2 and Return Rewards® solutions. These three innovative products integrate and complement each other seamlessly to form the most advanced and complete returns management solution in the industry.