AI Fights Retail Fraud: Happy Returns' New Tool

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Saturdays

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Happy Returns AI Tool, Return Vision, Combats Fraudulent Returns: UPS-owned Happy Returns introduces an AI-powered solution to detect fake returns, helping retailers like Everlane, Revolve, and Under Armour recover losses from fraudulent exchanges. The tool, called Return Vision, flags suspicious packages and analyzes their contents, with human employees verifying fraudulent returns and preventing refunds. Testing began in November, aiming to protect retailers from significant financial losses during the busy holiday return season.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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