[IP] "Your papers please" down at the local mall
Begin forwarded message:
From: "Richard M. Smith" <rms@xxxxxxxxxxxxxxxxxxxx>
Date: October 22, 2004 2:00:22 PM EDT
To: farber@xxxxxxxxxxxxx
Subject: "Your papers please" down at the local mall
Hi,
Fortune Magazine has just run a story showing how drivers licenses and
the
Internet are being used to track "bad" customers who return too much
merchandise at clothing stores. Here is a link to the Fortune article:
Sorry, Your Return Is No Good Here
http://www.fortune.com/fortune/print/0,15935,710662,00.html
Here's how the system works:
http://www.returnexchange.com/about/index.asp
Our signature product, Verify-1, utilizes an ASP model
to provide return authorization services that are
initiated by either a VeriFone or similar type platform
on a retailer's POS system. A driver's license or state I.D.
card is swiped through these devices to initiate a product
return, and similar to credit card or check verification,
the data is transmitted to The Return Exchange's host
server for an approval for return authorization. We detect
fraud through utilization of deterministic rules, statistical
models and a shared return information database.
Missing from the Web site is any brag list of customers and names and
bios
of management personnel of the company. Looks like the company values
its
privacy.
Richard M. Smith
http://www.ComputerBytesMan.com
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