What’s the Difference Between EAS Tags and RFID Tags?

Why You Should Invest In Tamper Evident Cash Bags for Your Retail Store

Ensuring you have reliable, high-quality banking supplies is an important part of the operational efficiency of your banking operations, from counting cash and coins from customers to transporting cash and other high-value assets between branches or to high-security vaults. In this blog, we’ll review why banking supplies like tamper-evident cash bags can improve your operational efficiency and prevent cash theft.

What Are the Important Features To Look For in Retail Security Packaging for Cash Deposits?

As a retail manager one of your many responsibilities is to increase sales and profits by reducing shoplifting. Ever since COVID-19 broke out, reports across the country indicate that shoplifting percentages have exploded, and retailers are losing millions of dollars. There are a number of reasons why partnering with a company like CONTROLTEK that manufactures EAS tags for retail stores is important to both protect your profits, and offer customers a better shopping experience. This article will explain the value of having EAS tags in relation to giving your customers a positive environment in which they can try on and purchase products, as well as how EAS tags can significantly reduce losses caused by theft.

These are the Retail Security Products Every Store Manager Should Invest In

CONTROLTEK, a leader in retail loss prevention technology, has invested in expanding its presence in Canada in response to increasing demand from retailers with locations in Canada. To support this growing market, Wade Holman has joined the company as the Director of Sales to manage this territory.

According to Hayes International’s 32nd Annual Retail Theft Survey, there are up to 1 million shoplifting incidents happening around the world each day. In fact, loss prevention professionals have determined that shoplifting is the biggest reason behind retail shrinkage, or the loss of products due to theft, damage or administrative error.

Since the COVID pandemic broke, shoplifting has more than tripled across the country. This is why now, more than ever, retail managers and leadership teams should focus on choosing the right EAS tags for retail stores to help deter and prevent shoplifting. When choosing the right EAS tags to protect your merchandise it all comes down to some specific factors, including the product types you sell and the existing electronic article surveillance (EAS) system you have set up in your store.

When handling cash, coins and checks, it is essential that you protect these assets from tampering throughout the transit process. While cash in transit companies first used heavyweight canvas bags to store cash and other currency, these bags do not have security features to indicate tampering or attempted theft.  This means that anyone could take cash out of a deposit bag and no one would know unless they manually counted out the contents of the bag. According to Statistic Brain, employee theft costs U.S. businesses $50 billion per year, which includes losses from cash skimming.