Lloydspharmacy has adopted a loss prevention system across its 1,360 pharmacies to cut back on losses from staff fraud and transaction errors.
The firm deployed IntelliQ's Retailkey LP loss prevention system to analyse millions of electronic point of sale transactions and keep track of losses.
Based on results from the three-month implementation of the system, the pharmacy said it expects a 50% increase in successful investigations into fraud and for the technology to pay for itself within a year.
The client/server software runs on an IBM xSeries 365 server with an IBM database embedded in the application.
The software scans data for suspicious transactions, possible credit card fraud and "stock shrinkage".
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