Amtel Wireless Minimizes Device Shrink With Recipero's StockWatch
DALLAS, TX, April 18, 2016 (Newswire.com) - Amtel Wireless, T-Mobile’s sixth largest dealer network, today announced that Recipero’s StockWatch Program has produced a better than expected ROI for the Amtel Loss Prevention Group.
Recipero’s StockWatch subscription service enables retailers to monitor their unsold inventory by creating custom alerts from activity from Recipero’s global Device Service Bureau. Recipero’s Device Service Bureau is the industry’s leading provider of stolen and lost device notification, as well as device activation status and history. It manages over 5 million inquires per month from mobile operators, device traders, recyclers, mobile insurance providers and law enforcement agencies.
Amtel’s participation in StockWatch creates awareness that their unsold inventory has been published in the Recipero Device Service Bureau, and is being continuously monitored, so cannot be traded or sold. This helps law enforcement to combat in-store theft, organized crime, and local gang activity.
Robert Sanchez, Director of Amtel Operations/Loss Prevention says:
"StockWatch has completely changed how we look at mobile device monitoring. It has enabled us to change the culture, to enhance our "perception of control" by allowing us to be able to highlight the various tools we use to monitor and detect for theft. As we plan for future store growth, training new team members about Recipero and StockWatch will become standard operating practice. Knowing that we are actively monitoring each and every IMEI in our system has enabled us to drive home the message – think twice before taking the device."
The StockWatch solution complements Amtel’s existing Audit & Compliance program and is an early warning system. It also works to reduce the value to the fraudster in possession of the device, by reducing its value to the second-hand trader. StockWatch can be used in conjunction with and to supplement existing fraud measures of mobile device dealers.
"Within the first 45 days of subscribing to StockWatch , we recovered a batch of iPhones that had been stolen from inventory.” The ROI didn’t just stop after the first 45 days, we are still getting information on devices monitored by StockWatch involved in other investigations. A final point, StockWatch has enabled me to broaden my networking base with other professionals that have resulted in employee dishonesty investigations and other contacts with a great team working mindset. It’s been a great investment!"
David Dillard, Recipero’s Managing Director of the Americas,:
"We are excited that was able to quickly validate the ROI associated with their StockWatch subscription. Together with partners like Amtel, we continue to mitigate against the theft of unsold inventory."
Recipero provides a “clear title” for buyers and sellers of connected devices to ensure a smooth carrier re-activation experience and protect operators who have a security interest in the equipment. Forming part of millions of decision-making processes and transactions every month, Recipero's data and intelligence solutions are provided online, in real-time, and are used globally by law enforcement, insurers, recyclers, retailers and consumers. Learn more and visit Recipero at www.recipero.com.