NEWARK, NJ: National Retail Solutions (NRS), a leading provider of POS solutions for independent retailers, announced a new partnership on November 5, 2024, with LottoShield, a cutting-edge lottery fraud prevention system designed to safeguard retailers by integrating with state lottery data to secure lottery ticket sales.
According to a National Retail Solutions statement, LottoShield enables retailers to take control of lottery sales and inventory, minimizing losses, saving time, and streamlining store operations. It further noted that retailers adopting LottoShield can expect up to a 90 per cent reduction in lottery theft through its automated tracking and reconciliation of instant tickets, online lotto, and payouts.
The statement also highlighted that LottoShield monitors display cases, vending machines, and backstock, ensuring all lottery transactions are accurately tracked and secure.
“With LottoShield, retailers can protect their business from common sources of lottery loss, from missing scratch-off tickets to inconsistent inventory tracking,” said CEO and President of NRS, Elie Y. Katz in the statement. “Our goal is to equip our retailers with a solution that improves security and enhances their operational efficiency so they can focus on growing their business.”
Key features of LottoShield include “90 per cent Reduction in Lottery Theft:
No more concerns over missing scratch-off tickets; 90 per cent Sales Automation: Minimizes manual lottery management tasks for store staff; Streamlined Training: Enables fast and easy employee onboarding; and Cost Savings: Retailers save up to $15,000 annually by automating lottery management and reducing loss.”
“This partnership enables us to bring LottoShield to independent lottery retailers who previously faced limitations due to POS compatibility. Now, any independent lottery retailer can access LottoShield’s benefits simply by transitioning to NRS’s robust and affordable POS system,” added Mehdi Mahmoodi, co-founder & COO of LottoShield.
LottoShield reflects NRS’s dedication to “empowering independent retailers,” through advanced technology that enhances asset security and operational efficiency. NRS offers the leading point-of-sale (POS) terminal platform and “NRS Pay credit card processing for small to mid-sized independent retailers, with over 28,440 active terminals across the country.”
