Triversity Inc.

Triversity Inc.

June 20, 2005 08:00 ET

Company-Owned NAPA Auto Parts Stores Implement FraudWatch as Loss Prevention Solution

TORONTO--(CCNMatthews - Jun 20, 2005) -

Triversity Inc., the fastest growing international provider of customer-centric retail solutions, today announced that NAPA Auto Parts has selected FraudWatch™ as its loss prevention solution. NAPA Auto Parts is a leading distributor for auto parts under the NAPA brand. The company chose FraudWatch following the completion of a successful pilot project last year, and the solution has been rolled out to company-owned NAPA Auto Parts stores nationwide.

FraudWatch is the retail industry's most powerful, flexible and easy-to-use solution for detecting fraud and policy violations. Designed by loss prevention (LP) professionals, FraudWatch is a Web-based system that can be easily accessed from any location via a Web browser, dramatically reducing the cost to deploy and administer the system. FraudWatch offers the fastest time-to-benefit of any loss prevention solution. It can be implemented inside a retailer's data center, or Triversity can securely host the application. Either way, FraudWatch can be implemented in as little as six weeks, giving organizations a rapid return on investment (ROI) while saving time and resources.

FraudWatch's flexible deployment options were a key reason in NAPA Auto Parts' selection of Triversity. Triversity hosted FraudWatch in a secure ASP (Application Service Provider) environment during the initial implementation, enabling a very rapid deployment; FraudWatch was then transitioned to the Automotive Parts Group's internal data center for hosting. Early results of using FraudWatch have identified opportunities for recovery, and NAPA Auto Parts is now using the solution to examine the current year of POS transaction data.

"NAPA is one of the best-known brands in the automotive industry. Triversity is pleased to be working with NAPA Auto Parts to help make a positive contribution to their operating efficiencies," said David Thomas, president and CEO, Triversity Inc.

About NAPA Auto Parts

NAPA Auto Parts is a subsidiary of Genuine Parts Company, founded in 1928. Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Genuine Parts Company serves numerous customers from more than 1,800 operations and has approximately 31,000 employees. Their headquarters is located in Atlanta, GA.

About Triversity Inc.

Triversity (www.triversity.com) is the fastest growing international provider of customer-centric retail solutions. Triversity's suite of "sell-side" software solutions, called Customer-Centric Solutions for Retail, enables retailers to deliver a best-in-class customer experience across all channels, while helping them to optimize their operating efficiencies and increase profitability. Retailers around the world have built their businesses around Triversity's market-leading solutions, which include POS Solutions, Store Solutions, Centralized Transaction Services, Business Decision Support Solutions and Retail Support Services. In order to deliver complete sell-side solutions and services, Triversity extends its offerings through partnerships with the industry's leading technology vendors. Triversity's retail solutions are installed in hundreds of retailers in more than 30 countries, processing billions of transactions a year. Triversity's corporate headquarters is located in Toronto, with U.S. headquarters near Philadelphia.

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