Retail Business Solutions selects
SeeWhy.
Retail Business Solutions (RBS) has deployed SeeWhy to power their
new real time software as a service (SAAS) fraud analytic system. The
system has been fully integrated with the Retail-J EPOS platform and is
the first real time SAAS offering for loss prevention in the retail
market. A major high street fashion retailer is the first customer to
sign up for the service and is using the service live across the UK with
a rollout to the US planned in the near future. Insider fraud is a
significant problem for both the retail industry. According to the
British Retail Consortium, UK retail businesses lost [pounds
sterling]1.43bn in 2005/2006 from crime related incidents, of which the
second highest group was staff theft amounting to [pounds sterling]344m.
Watson continued: "We are hosting and running the service as part
of our portfolio and expect to roll it out to many of our Retail-J
clients."
www.seewhy.com
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