US-based discount retailer Family Dollar has signed a five-year contract worth $39 million for the use of Iverify’s third party video monitoring systems at 529 stores nationwide.Family Dollar believes this new system will save the company money by reducing shrinkage and replacing guard services, as each Iverify deployment is customized to the specific store location.
Family Dollar is using a robust application that uses Cernium analytics for location-based risk assessment that triggers local announcements in the vicinity of high-shrink products. Further, with sophisticated time-based analysis, it then escalates the risk profile and engages a live intervention from a protection specialist.
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