Technology

CONTROLTEK, an industry leader in cash logistics, has published a series of articles about cryptocurrency in collaboration with Loss Prevention Magazine.

Asset protection teams often take the lead in building a business case and pushing for new or upgraded technology solutions inside the retail enterprise. Numerous things should be considered in order to successfully navigate the corporate capital funding process.

LPM interviewed more than one dozen retail security consultants, industry leaders, and LP executives and asked what they think about different security tools and strategies to prevent after-hours store break-ins. Their responses focused on 7 tactics retailers should consider.

"We proved-out that the technology works phenomenally well. The technology is great." This effusive praise by an LP executive who oversaw a several-store test...

Many online retailers accept cryptocurrency as a form of payment, and even brick-and-mortar stores and restaurants advertise that they accept cryptocurrency. But despite its widespread popularity, cryptocurrency has almost no regulation.

It seems increasingly clear that innovation is the difference maker in today’s great retail shakeout. Success—and perhaps even survival—rests squarely upon it. But innovation in today’s world of retail is not a singular thing. One requirement is custom configuration of the business tools that retailers use to drive their businesses forward.

Cash logistics and visibility is critical to business. Packages sent to your home are tracked efficiently, so you know exactly where and how they move. Shouldn’t it be possible to track your money the same as your packages? Significant changes to cash handling are in the works.

As violent retail robberies go, it was fairly typical. Three individuals entered a Memphis, Tennessee, pawn shop in June and robbed it, making off...

Analytics has always been a critical aspect of loss prevention and retail. We could never survive as businesses—or as professionals—without the use of analytics. Yet while the use of data analytics has made huge strides with the help of today’s technology, we can never afford to lose sight of just how important it is to everything that we do.

It will take time for traditional industries like retail to weigh the benefits and challenges of cryptocurrency. In the end, if retailers want to win over the 7.1 million active bitcoin users, they will have to take steps on their own to accommodate these consumers.