Connect with us

Press Releases

Fraud and Mitigating Risk – A Retail Educational Opportunity

The Plumb Club to host webinar with JA and Synchrony.

mm

Published

on

(PRESS RELEASE) NEW YORK — The Plumb Club presents an important retailer learning opportunity in connection with Jewelers of America (JA) and Synchrony Bank. The virtual presentation, “How Big is Fraud – Mitigating Your Risk”, will be held in the Jewelers Resource Center Auditorium on Wednesday, July 27th at 1pm (EDT) and is open to the entire jewelry industry.

So, how big is fraud in retail? It is estimated that by 2023, retailers will be losing $130 billion yearly to fraudulent transactions. That number is expected to continue to rise annually!

Attending retailers will learn about:

  • Various types of fraud:
    • Internal (fraudulent refunds and credits)
    • External (identity theft, synthetic theft, first-party fraud, lost/stolen fraud, counterfeit fraud, account take-over fraud.
  • Key indicators of fraud, including identifying client behavior and patterns that could alert a sales associate to potentially fraudulent transactions before they happen.
  • Employee training and internal controls a store owner can implement to help mitigate risk.

This essential retailer information, along with statistics, insights, and prevention tips, will be presented by Mark Solomon, vice president of fraud investigations, Synchrony Bank. Solomon is responsible for investigating large-scale fraud, financial and cybercriminal activities for the institution. Prior to Synchrony, Solomon retired as “Detective 1st Grade” after a distinguished 26-year career with the Greenwich Police Department. He spent more than 18 years serving in the Detective Division, with 11 years assigned to the CT Financial Crime Task Force (U.S. Secret Service).

Register now and don’t miss out on this important information to help you do business.

Advertisement

Advertisement

SPONSORED VIDEO

Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

Promoted Headlines

Most Popular