NCR Acquires StopLift, Gains Powerful Anti-Theft Solution for Self-Checkout
Summary
NCR will integrate StopLift’s Artificial Intelligence capabilities that detect unusual and possibly fraudulent behavior into its retail store transformation solutions.Headquartered in Cambridge, Mass., StopLift has developed Artificial Intelligence capabilities that visually determine what occurs during each transaction to distinguish between legitimate and fraudulent behavior at the checkout.“We have been working with NCR since 2016 to integrate our patented technology with SmartAssist, which successfully detects shrink at the checkout counter with NCR’s self-checkout solutions,” explained Malay Kundu, founder and CEO of StopLift.With its software, hardware, and portfolio of services, NCR enables 760 million transactions daily across financial, retail, hospitality, travel, telecom and technology industries.StopLift Checkout Vision Systems markets its patented ScanItAll technology designed to detect and deter shoplifting and employee theft in retail businesses across the globe.
