The Retail Equation's Verify-2 Achieves Motorola Solutions' Enterprise Mobility Validation
Verify-2 Designed to Improve Return Process for Retailers
The Retail Equation, the industry leader in retail transaction optimization solutions, recently announced its Verify-2 application successfully achieved Enterprise Mobility validation by completing Motorola Solutions' Enterprise Mobility Validated Solution Program, which includes joint testing at the Motorola Solution Center in Holtsville, New York. The Retail Equation's Verify-2 allows retail companies to provide a positive experience for consumers with fair and friendly customer service, while identifying and protecting against return fraud and abuse at the point of return. This designation assures customers and partners of system interoperability between select Motorola imaging devices and The Retail Equation solutions.
Return fraud and abuse is a $14-18B annual problem in the retail industry, representing considerable dollars that are needlessly lost. Verify-2 return authorization is designed to distinguish and deter the 1 percent of consumers that are fraudulent and abusive, allowing the remaining good 99 percent to shop and return as usual. Retailers using Verify-2 optimize net sales and reduce return rates and shrink, saving millions of dollars annually, while maintaining a fair and balanced return process for their good customers.
"Achieving Motorola Solutions' Enterprise Mobility Validation reflects The Retail Equation's dedication to offering the most effective solutions on industry leading hardware platforms," said Mark Hammond, CEO of The Retail Equation. "Not only do Verify-2 and our other solutions create an improved overall customer experience, but we also have seen return rates decline and net sales increase amongst our retail clients."
Motorola Solutions' Enterprise Mobility Validated Solutions Program enables partners to test and validate their mobility solutions on Motorola products to help ensure interoperability and meet the customer application-specific needs, as well as reduce both the risk level and the time to deployment for the customer. Working closely with engineering teams, Verify-2 has been tested and co-validated on select products, including the Motorola Symbol DS6700 1D/2D Imager Scanner.
The terms of the validation, including disclaimers, are set forth in the Test Agreement between Motorola and The Retail Equation and the Enterprise Mobility Validated Test Report.
About The Retail Equation
The Retail Equation, headquartered in Irvine, Calif., optimizes retailers' revenue and margin by shaping behavior in every customer transaction. The company's solutions use predictive analytics to turn each individual shopper visit into a more profitable experience. This yields immediate financial payback, increasing store comps by as much as 2 percent, with significant return on investment. The Software-as-a-Service applications operate in more than 15,000 stores in North America, supporting a diverse retail base of specialty apparel, footwear, hard goods, department, big box, auto parts and more. For more information, visit www.theretailequation.com.
SOURCE: The Retail Equation