Fraud is eating into retail profits. A new startup called Pinch AI just launched with $5 million in funding to fight back.
The Mary Sue on MSN
Orlando woman tries to return Alo item. Then the worker tells her it was already returned to a Miami mall she’s never been to
Return fraud is making an appearance going into 2026, with fraudsters figuring out new and increasingly convoluted schemes to ...
Veterans from the digital payments pioneer founded Pinch AI and have raised capital for a business that detects fraudulent ...
Retail return fraud is surging. UPS-owned Happy Returns is using AI to spot fake returns before refunds go out this holiday ...
New report reveals the rise of return-related fraud in e-commerce and how retailers can combat financial losses ...
Nearly half of shoppers in a recent survey admitted to some sort of "return fraud," and one estimate says nearly 1 in every 10 retail items returned for a refund is fraudulent. Josh Sidorowicz is In ...
Nearly half of shoppers say they've committed some form of return fraud, and now some companies are deploying artificial intelligence to crack down. A new survey conducted by the National Retail ...
Bought grandma the wrong size sweater for Christmas? If so, think twice about the best way to return it. Most large retail stores are now charging fees for mail-in returns, according to industry ...
Retailers are bracing for a record wave of merchandise boomeranging back to stores and warehouses, with returns expected to approach $850 billion in value this year. At the same time, a growing share ...
“Free returns” aren’t always free anymore: lots of retailers now deduct mail-in return fees, so your best move is in-store returns Fraud detection is getting smarter: retailers are using AI + image ...
NoFraud, an e-commerce fraud prevention provider, has acquired Yofi AI, a return fraud and policy abuse detection platform for e-commerce retailers backed by Nyca Partners, Point72 Ventures, and eBay ...
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