Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Company-Owned NAPA Auto Parts Stores Implement FraudWatch as Loss Prevention Solution.


TORONTO -- Triversity Inc., the fastest growing international provider of customer-centric retail solutions, today announced that NAPA Auto Parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
  • Air filter
  • Automobile self starter
  • Bell housing
  • Brakes
  • Bucket seat
  • Bumper
  • Buzzer
  • Battery
 has selected FraudWatch(TM) as its loss prevention solution. NAPA Auto Parts is a leading distributor for auto parts under the NAPA brand. The company chose FraudWatch following the completion of a successful pilot project last year, and the solution has been rolled out to company-owned NAPA Auto Parts stores nationwide.

FraudWatch is the retail industry's most powerful, flexible and easy-to-use solution for detecting fraud and policy violations. Designed by loss prevention (LP) professionals, FraudWatch is a Web-based system that can be easily accessed from any location via a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. , dramatically reducing the cost to deploy and administer the system. FraudWatch offers the fastest time-to-benefit of any loss prevention solution. It can be implemented inside a retailer's data center, or Triversity can securely host the application. Either way, FraudWatch can be implemented in as little as six weeks, giving organizations a rapid return on investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) while saving time and resources.

FraudWatch's flexible deployment options were a key reason in NAPA Auto Parts' selection of Triversity. Triversity hosted FraudWatch in a secure ASP (Application Service Provider) environment during the initial implementation, enabling a very rapid deployment; FraudWatch was then transitioned to the Automotive Parts Group's internal data center for hosting. Early results of using FraudWatch have identified opportunities for recovery, and NAPA Auto Parts is now using the solution to examine the current year of POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 transaction data.

"NAPA is one of the best-known brands in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . Triversity is pleased to be working with NAPA Auto Parts to help make a positive contribution to their operating efficiencies," said David Thomas, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Triversity Inc.

About NAPA Auto Parts

NAPA Auto Parts is a subsidiary of Genuine Parts Company Genuine Parts Company (NYSE: GPC) is a Fortune 1000 company that was founded in 1928. Based in Georgia and Alabama, the company employees 31,700 people. [1] , founded in 1928. Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Genuine Parts Company serves numerous customers from more than 1,800 operations and has approximately 31,000 employees. Their headquarters is located in Atlanta, GA.

About Triversity Inc.

Triversity (www.triversity.com) is the fastest growing international provider of customer-centric retail solutions. Triversity's suite of "sell-side" software solutions, called Customer-Centric Solutions for Retail, enables retailers to deliver a best-in-class customer experience across all channels, while helping them to optimize their operating efficiencies and increase profitability. Retailers around the world have built their businesses around Triversity's market-leading solutions, which include POS Solutions POS Solutions, is an Australian company. The company provides software and services to small and medium businesses, where the company has enjoyed steady growth so making it particularly well-known in Australian Newsagencies where its software has taken hold as the market leader. , Store Solutions, Centralized cen·tral·ize  
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es

v.tr.
1. To draw into or toward a center; consolidate.

2.
 Transaction Services, Business Decision Support Solutions and Retail Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . In order to deliver complete sell-side solutions and services, Triversity extends its offerings through partnerships with the industry's leading technology vendors. Triversity's retail solutions are installed in hundreds of retailers in more than 30 countries, processing billions of transactions a year. Triversity's corporate headquarters is located in Toronto, with U.S. headquarters near Philadelphia.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 20, 2005
Words:485
Previous Article:Zilliant Marquee Sponsor at National Pricing Conference.
Next Article:Nextel Partners Ranked Most Profitable Info Tech Company In U.S. By BusinessWeek.



Related Articles
HORNADAY TO NAME WINSTON CUP TEAM.
RIVALRY SET ASIDE EXPECTED FOES HARVICK, GREEN ON SAME TEAM.
CANDIDATE FOR PLANNER, PARKS ALIKE : ANDERSON BACKS SLOW GROWTH.
Army and Air Force Exchange Service Implements FraudWatch at 1,200 Stores Worldwide; Triversity's Web-Based Loss Prevention Solution Rolled Out to 32...
Unified Western Grocers Selects Triversity's FraudWatch as Loss Prevention Solution; Web-Based Loss Prevention Solution Helps Grocers Fight Growing...
NAPA puts faith in Virtual Premise.
Triversity Announces the First Loss Prevention Software Solution That Meets Payment Card Industry Data Security Standards.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles