ObjectVideo announced Monday the release of a retail-oriented intelligent video solution which will be tested at four Staples Business Depot stores in Canada. Intelligent video software analyzes video for whatever specific patterns or red flags it’s been told to spot. OV: Retail, ObjectVideo’s new package, is designed to spot data that will aid in loss prevention, POS fraud detection, business intelligence, public safety and physical security.
ObjectVideo has partnered with Checkpoint Systems to create the product, which will monitor POS data and transaction behavior at registers during the trial run. If successful, the software should be able to spot such activity as potentially fraudulent returns and manager-absent transaction overrides.
Greg Switzer, Director of Loss Prevention at Staples Business Depot says, “We realize how powerful analytics and intelligent video can be in detecting fraud and reducing the time needed to analyze false positives when integrated with POS data. This solution will give us an even greater awareness of potential fraud and procedural irregularities at the register.”
David Thomas, CEO at Evident, is an accomplished cybersecurity entrepreneur. He has a history of introducing innovative technologies, establishing them in the market, and driving growth – with each early-stage company emerging as the market leader.