Online Marketplaces Leverage Technology to Tackle Fake Products
Selling a product online allows businesses to reach a wider audience and new customers. Companies have started leveraging technology to reduce the rate of return of products faced by online marketplaces, reports Payal Ganguly for ET Bureau. Online marketplace Luxepolis is venturing into the trend by utilizing Radio Frequency Identification (RFID) technology to tackle the problem of returns. Luxepolis sells products ranging from designer apparel to high-end automobiles. The company uses near-field communication (NFC) enabled tag and reader to decipher codes that are unique to every product in order to validate the returned item.
Related Posts
Cigarette trafficking spawning other crimes
One frigid afternoon in January, two men transferring cigarettes to a van from a...
Fake Apple items smuggled into NYC from China, officials say
A special NYPD investigative unit working with federal agents arrested four men...
How African countries lose Sh1tr to illicit tobacco trade
Cigarette manufacturers operating in Africa are creatively fuelling illicit...
P15.8B worth of fake luxury goods seized in Divisoria raid
MANILA, Philippines – The Bureau of Customs (BOC) has confiscated over P15.8...