Counterfeit Coupon Fraud Prevention: A Free Tool for Retailers

Feb 9, 2022 · CIC’s Suspect Coupon Checker App, used to instantly identify known counterfeit coupons, is available to retailers free of charge. It requires no expensive or time-consuming …

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Breaking Down The True Cost Of Coupon Fraud

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Apr 15, 2021 · Today, the retail industry loses over $100 million per year to coupon fraud or mos-redeemed coupons. But that amount only scratches the surface of what is truly lost when …

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A Q&A With The Creators Of “Queenpins,” The Counterfeit Coupon …

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Aug 18, 2021 · Inspired by the true story of three Phoenix women who perpetrated a $40 million counterfeit coupon scheme, Queenpins stars Kristen Bell and Kirby Howell-Baptiste as …

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FAQs about Counterfeit Coupon Fraud Prevention: A Free Tool for Retailers Coupon?

How can retailers prevent coupon fraud?

Retailers must take proactive steps to guard against coupon fraud. By implementing basic security measures and collaborating with other entities such as the Coupon Information Corporation (CIC), businesses can better minimise fraud exposure. Below are some steps retailers can take: ...

Can digital tools help prevent counterfeit coupons?

Digital tools and services are working to change that, however. At the CIC, Miller and his team collect counterfeit coupons and add them to a freely accessible database for retailers. Employees can use a free smartphone app to scan the barcode on a suspect coupon and verify if it is a reported or known counterfeit within seconds. ...

Can a coupon be counterfeited?

If a business deals in physical coupons, there are new printing technologies that make them more difficult to counterfeit. These include microprinting, watermarks, and specific color combinations. ...

How do you prevent counterfeiters from copying your coupons?

Use unique codes: Incorporate specific codes or design features exclusive to your brand to make it difficult for counterfeiters to replicate your coupons. Techniques like holograms, micro printing, and tamper-evident packaging can deter unauthorised copying and boost security. ...

How do you prevent fake coupons?

Implement digital authentication: Take advantage of technology by using digital coupon authentication methods, such as single-use codes or location-specific offers. This can help prevent counterfeiters from producing large quantities of fake coupons and help track redemptions, ensuring that each coupon is used only once. ...

How do retailers commit coupon fraud?

Retailers themselves can commit coupon fraud by seeking reimbursement from manufacturers for coupons that were not redeemed by customers or coupons for products the retailers haven’t sold. To make things worse for the coupon industry, several scams revolve around coupons. ...