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0 0 0 0.0002812381094181 0.00418548480487034 0.00388770327725118 0.00205138385693253 -0.00125729978328121
Stock impact report

AI takes on return fraud as holiday returns surge [FOX News]

Ulta Beauty, Inc. (ULTA) 
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
Company Research Source: FOX News
Data from Happy Returns, a UPS-owned reverse logistics company, shows that nearly one in every 10 retail returns in the United States involves fraud. Retailers now lose an estimated $76.5 billion a year to the problem. To slow those losses, Happy Returns, which specializes in boxless in-store returns for online purchases, is testing a new artificial intelligence tool that flags fraudulent returns before refunds go out. Get my best tech tips, urgent security alerts, and exclusive deals delivered straight to your inbox. Plus, you'll get instant access to my Ultimate Scam Survival Guide - free when you join my newsletter How return fraud works in the real world Return fraud often looks harmless on the surface. A shopper requests a refund for a legitimate item. Instead of sending back the real product, they ship something cheaper, damaged or completely different. Retailers often issue refunds before anyone inspects the item. That speed allows fraud to slip through and drives up cos Show less Read more
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