System And Method For Detecting Fraudulent Purchases And Returns

• US 20150052069A1
• Filed: 08/16/2014
• Published: 02/19/2015
• Est. Priority Date: 08/19/2013
• Status: Abandoned Application

• Current Assignee: Joseph John Hilo
• Original Assignee: Joseph John Hilo
• Inventors: Hilo, Joseph John
• Application Number:
  US14/461,374
• Publication Number:
  US 20150052069A1
• Time in Patent Office: Days
• US Class Current: 705/318
• CPC Class Codes: G06Q 30/0185 Product, service or business identity fraud

Abstract

A system and method for detecting fraudulent purchases and returns by significantly reducing the amount of loss any store front merchant endures from unforeseen criminal activity. To attain this, the present method generally comprises of opening concealed packages, checking items in packages, re-sealing packages and entering inventory on a computer software system. The re-sealing of packages is preferred to use a custom store logo seal. By opening and checking all incoming items from the beginning of the delivery, upon entering the store, the employees performing this method, begins with the simplest and least obvious means of accounting for inventory. If this step is sufficiently carried thorough, the employees have satisfied the merchant as to the correct quantity and quality of all inventories, when it first comes into the store. Then simply entering items in the computer'"'"'s inventory software system can be done by an employee, who has only minimal experience of basic word processing, Once opening, checking and entering all incoming items are sufficient the other, more involved, steps must be followed to completion. All steps undertaken must be seen through to completion, for maximum efficacy to reduce the loss of items/money a merchant can endure.

Claims

1. A method for detecting and preventing the amount of loss any store front merchant endures from unforeseen criminal activity comprising the steps of.

(a) From the point of delivery all items immediately upon entering the store, whenever they have factory seals, employee(s) will open, check and account for the item, then re-seal the item with their own “

custom”

store sealer.

(b) Whether store sealed packages or loose, employee(s) will add all items to the merchant'"'"'s current inventory software system.

(c) When it comes time to bring an item to the area of purchase, employee(s) will again re-open all store sealed packages, check and account for items. At this point, the packages will be resealed again by employee(s) with their own “

custom”

store sealer before any packages leave the store.

(d) Also, before any item leaves the store, employee(s) will deduct all purchases from the merchant'"'"'s inventory software system.

(e) Employee(s) will open all returns when applicable, check and account for all items before accepting any items back into the store.

(f) Then, employee(s) will add all returns to the merchant'"'"'s inventory software system and reseal any packages, if need be, with their own “

custom”

store sealer.

(g) Lastly, only for the customer(s) who cannot produce receipts, the current sale price or lowest price of the item, will go back to the customer in the form of an in store credit. Merchants will award Gift cards or full refunds only for the customer(s) who produce receipts.

2. The method of claim 1 further comprising as an upgrade/improvement, by packaging all merchandise in clear packages, so that it will be easier to see exactly what is coming in and out of the stores without having to open, seal and/or re-seal packages.