CONTROLTEK Achieves GreenCircle Certification for EcoLOK4, the First GreenCircle Certified 90% Post-Consumer Recycled Cash Deposit Bag

Bridgewater, N.J. (November 14, 2022) CONTROLTEK, the global leader in tamper-evident cash security solutions, has earned GreenCircle certification for EcoLOK4, the first GreenCircle Certified 90% post-consumer recycled (PCR) cash deposit bag.

Through its robust third-party certification process, GreenCircle Certified certifies the film used to make CONTROLTEK’s EcoLOK4 tamper-evident cash deposit bag is comprised of 90% PCR content.

“CONTROLTEK leads the way in innovative and responsible product design and manufacturing practices. We are delighted to offer the financial industry the first GreenCircle Certified, eco-conscious, high-quality tamper-evident solution for cash transport operations,” said  Tom Meehan, CFI, president at CONTROLTEK. “Achieving GreenCircle certification is a testament to our commitment to designing products that improve our environmental footprint through responsible business practices while also strengthening the industries in which we serve.”

“We commend CONTROLTEK for achieving GreenCircle Recycled Content certification for their EcoLOK4 cash deposit bags. The Recycled Content certification was the first standard developed by GreenCircle in 2009 and has been used as a reference for a wide range of industry organizations,” said Tad Radzinski, certification officer at GreenCircle. “Recycled content is one of the most common sustainability claims and with this third-party certification, CONTROLTEK validates their claims while demonstrating their commitment to transparency in being a brand their customers can trust.”

GreenCircle is an internationally recognized third-party certification entity whose thorough evaluation process provides independent verification that sustainability claims related to an organization’s products and operations are honest, valid, and verified. GreenCircle Certification sets the standard for accuracy and accountability regarding products made from upcycled materials and is recognized as a valid third-party certification entity by the U.S. Federal Government, the United States Green Building Council (USGBC), the International Living Future Institute (ILFI) and the Association of Plastic Recyclers (APR).

For more information about CONTROLTEK’s EcoLOK4, the first GreenCircle Certified cash deposit bag made of 90% PCR material, visit CONTROLTEK’s website or contact a CONTROLTEK sales representative at sales@controltekusa.com.

CONTROLTEK Launches First-Ever 90% Post-Consumer Recycled Tamper-Evident Cash Deposit Bag

BRIDGEWATER, N.J. (November 8, 2022) – CONTROLTEK, the global leader in tamper-evident cash security solutions, launches the first and only 90% post-consumer recycled (PCR) tamper-evident cash deposit bag – EcoLOK4.

“For nearly half a century we’ve been helping the nation’s leading banks, armored couriers, and retailers transport cash safely and securely. As we evaluated our environmental impact, we realized that the industry would not be able to eliminate single-use cash deposit bags but knew there had to be a more sustainable way to transport cash,” said Rod Diplock, chief executive officer at CONTROLTEK.

“The film used to make EcoLOK4 is comprised of 90% PCR plastic. This is the most ecofriendly cash deposit bag on the market without compromising security or durability,” said Brian Diplock, vice president of strategic sourcing and product development at CONTROLTEK. “This is a game changer for the industry as it allows businesses to remain confident in the security of their cash in transit while reducing the environmental burden of their cash handling operations and ultimately protecting our planet.”

“Unlike traditional plastic deposit bags that use post-industrial recycled plastic created from excess scrap plastic produced in the manufacturing process, we repurpose plastic waste created by consumer households and businesses, to make the EcoLOK4, said Tom Meehan, president at CONTROLTEK. “With this new tamper-evident bag we reduce the amount of virgin plastic used, lowering our industry’s carbon footprint, and helping our financial institution and retail partners achieve their sustainability goals by closing the loop in reducing waste, preventing pollution, and conserving natural resources.”

For more information about and to request a sample of CONTROLTEK’s new EcoLOK4 tamper-evident cash deposit bag, visit CONTROLTEK’s website or contact a CONTROLTEK sales representative at sales@controltekusa.com.

CONTROLTEK to Facilitate Design Thinking Interactive Workshop at Americas Cash Cycle Seminar

CONTROLTEK, a leader in the cash security industry, and a sponsor at the Americas Cash Cycle Seminar in San Diego will facilitate the Design Thinking Interactive Workshop: Let’s Get Coin Moving on Monday, November 14 at 1:00pm PST.

During the workshop delegates will participate in the CONTROLTEK Design Thinking method, an innovative problem-solving process for reaching more human-centric solutions.

“We look forward to guiding ACCS attendees through this interactive workshop to look at industry challenges differently,” said Tom Meehan, president at CONTROLTEK. “The CONTROLTEK Design Thinking method differs from traditional solution development because it emphasizes understanding the user, challenging preconceived notions, and redefining problems in order to come up with different strategies that might not have been obvious at first.”

“At Currency Research, we look for opportunities to enhance the conference experience” said Shaun Ferrari, vice president at Currency Research. “This interactive workshop arms attendees with a new understanding of Design Thinking and a set of tools that can be applied in their work after they leave the conference.”

Americas Cash Cycle Seminar, presented by Currency Research, offers insights and strategies to streamline processes, learn valuable solutions and best practices, network with cash industry peers and more. It is attended by representatives of central banks, commercial banks, cash management companies and technology partners.

To learn more about and register for Americas Cash Cycle Seminar and the Design Thinking Interactive Workshop, visit: Currency Research’s website here..

CONTROLTEK Chief Strategy Officer Tom Meehan Promoted to President

CONTROLTEK, a global leader in asset protection, tracking and visibility solutions, is pleased to announce that current chief strategy officer and chief information security officer Tom Meehan, CFI has been elevated to the role of president.

In his new role, Meehan will continue to guide the company’s strategy while being charged with leading CONTROLTEK’s core business sectors – Tamper-Evident Packaging, EAS, and RFID. He will also be responsible for overseeing the day-to-day operations of the business, sales, and customer growth and retention.

“Tom has been a driving force behind CONTROLTEK’s growth and transformation over the past six years, said Rod Diplock, chief executive officer. “I am confident in his direction and vision as he puts into place the strategies and initiatives that will expand our business and position us for unprecedented growth and penetration into the markets we serve.”

“I am honored to be named president and excited to lead a team who inspires me every day by their passion and drive to deliver the best solutions for our customers,” Meehan said. “I look forward to accelerating our momentum in positioning CONTROLTEK to become the number one solutions provider of asset protection, visibility and tracking in North America.”

Meehan brings a wealth of knowledge and expertise with two decades of experience in the retail technology and loss prevention industries. He has served as chief strategy officer and chief information security officer at CONTROLTEK for the past six years. Prior to joining CONTROLTEK Meehan served a 13-year tenure at Bloomingdale’s, where he was responsible for physical security, internal investigations, asset protection systems and data analytics.

CONTROLTEK Names Brian Gross Chief Operating Officer

CONTROLTEK, a global leader in asset protection, tracking and visibility solutions, announced that current vice president of finance Brian Gross has been elevated to the role of chief operating officer. In his role, Gross will be responsible for leading the finance, client solutions delivery, customer support and operations departments and contribute to the company’s overall strategy.

“It is a very exciting for CONTROLTEK to see our business grow exponentially and to be able to promote talent from within, said Tom Meehan, CFI. “I am excited to be working with Brian Gross and I am confident that his proven leadership will play a key role in translating our company’s overall strategy into actionable processes for growth.”

“At CONTROLTEK we are committed to making a positive impact on the industries we serve and delivering solutions that help our customers keep their assets secure,” said Gross. “I have a passion for process improvement and constant innovation, and I am excited to bring this energy to build upon our solid foundation for delivering for our customers while partnering with our Executive team in driving our corporate strategy.”

Brian Gross is a finance and accounting professional with over 14 years of experience. Prior to joining CONTROLTEK, Gross served at companies such as Ideal Image Group, Wyndham Hotels & Resorts and PwC. Gross is a certified public accountant and holds a Master of Business Administration from Rutgers University.

CONTROLTEK Implements RFID Inventory Management System, CONTROLSPAN Professional, for Jockey International, Inc.

CONTROLSPAN Professional for Jockey International, Inc.

BRIDGEWATER, N.J. (May 12, 2022) – CONTROLTEK, a leading provider of loss prevention and asset protection solutions, partners with Jockey International, Inc., a 146-year-old brand recognized around the world for its premium underwear and apparel, to roll out RFID Inventory Management solution CONTROLSPAN Professional to all stores across the United States.

Jockey has selected to implement CONTROLSPAN Professional RFID software paired with Nordic ID hardware to create improvements in their inventory management system. CONTROLSPAN Professional provides Jockey real-time item-level visibility and asset tracking across their nationwide chain of stores, allowing them to optimize stocking and provide insights that lead to an enhanced customer experience.

CONTROLSPAN Professional RFID Software

“RFID is increasingly becoming the standard way for leading retailers to manage their inventory across organizations,” said Rubin Press, vice president of global sales at CONTROLTEK. “Through this rollout, Jockey will now be able to have an up to 99 percent accurate, real-time visibility of their entire stock in all of their stores across the country.”

“We are thrilled to partner with Jockey through this rollout of CONTROLSPAN Professional.” said Rod Diplock, chief executive officer at CONTROLTEK. “CONTROLSPAN Professional is the future of retail inventory software and an integral part of the successful deployment of a cohesive omnichannel strategy.”

For more information about CONTROLSPAN Professional, visit CONTROLTEK’s website or contact a CONTROLTEK sales representative at sales@controltekusa.com. 

Targets, Trends and Threats in ORC Webinar: What You Need to Know About Organized Retail Crime in 2021 and Beyond 

CONTROLTEK recently partnered with the Loss Prevention Foundation to present the webinar “Targets, Trends and Threats in ORC” with co-host Ben Dugan, director of ORC and corporate investigations at CVS Health and president of the National Coalition of Law Enforcement and Retailer (C.L.E.A.R.), and Tom Meehan, CFI, chief strategy officer, and chief information security officer at CONTROLTEK.

Short for organized retail crime, ORC has moved to the forefront of the conversation in retail. In fact, Dugan and Meehan both agree that ORC is the most dangerous security threat in the retail industry today. Many retailers consider organized retail crime to be one of their biggest challenges, with many companies unable to meet their profit goals because of the losses caused by ORC. 

Since 2020, we have seen a huge increase in ORC, fueled by the COVID-19 pandemic and an increased shift to e-commerce. One of the major issues in the fight against organized retail crime is the ongoing controversy between ehttps://www.controltekusa.com/blog/fake-vaccination-cards-spread-as-delta-variant-ramps-up/-commerce platforms like Amazon and eBay and retailers and law enforcement, who claim that these platforms facilitate the sale of stolen goods by failing to verify sellers. 

The increase in organized retail crime has huge costs across the retail industry. Dugan reported that external thefts involving violence have doubled at CVS Health since the beginning of the COVID-19 pandemic. The Wall Street Journal reported that retailers like Target, Ulta Beauty, TJX, and Home Depot have seen the number of investigations into criminal networks grow by 86 percent since 2016. Organized retail crime has become such a huge challenge for retailers that it has surpassed loss prevention, and even the C-suite is now prioritizing combatting ORC in order to protect profitability. 

C.L.E.A.R. estimates that organized retail crime results in $45 billion in annual losses for retailers, a significant increase from the FBI’s estimate of $30 billion a decade ago. Today, retailers spend millions of dollars to combat organized retail crime groups that steal their merchandise and sell it online through e-commerce platforms. According to C.L.E.A.R., 100 percent of retailers surveyed reported being victims of ORC. 

Organized retail crime has also surpassed other sources of retail shrink. Today, the cost of ORC exceeds that of internal employee theft, and according to Dugan, external theft makes up 60 to 65 percent of retail theft. Although investigating cases of organized retail crime does reduce shrink, it’s not a sustainable long-term solution without any major preventative efforts, such as widespread collaboration between retailers and law enforcement and even creating new legislation. 

As mentioned earlier, the rise in online shopping and e-commerce has fueled organized retail crime by giving thieves more opportunities to sell stolen goods. Although the online marketplace has been on the rise since 2017, since the COVID-19 pandemic, consumer demand for online shopping has exploded. 

Amazon and eBay are the top e-commerce platforms today, not just for legitimate retailers and businesses but for organized retail crime groups as well. E-commerce platforms typically do not verify sellers’ identities and payment methods, which reduces the risk of being caught for thieves who sell stolen goods online. Today, ORC groups even sell stolen merchandise on mainstream social media platforms like Facebook, Instagram, and Reddit. 

Bringing more attention to the issue of organized retail crime can help law enforcement discover more cases and catch more thieves. Before 2020, many law enforcement groups and local governments were completely unaware of the rising threat of ORC, which left the burden of deterring theft and investigating ORC cases to retailers. But as retailers, federal agencies, and police departments continue to work closely together on ORC, law enforcement can work on real ORC cases and actually mitigate the issue. 

For nearly two years, the rapid digitization of almost every industry has ushered in some exciting changes for both consumers and businesses, while also increasing the risk of organized retail crime, cybersecurity threats, and much more. As retailers continue to combat ORC, it is essential for them to collaborate, share information and build effective strategies to protect their businesses and their customers. 

Please feel free to reach out to either Tom Meehan or Ben Dugan with any questions you may have about these topics. Organizations like C.L.E.A.R., are also here to support retailers in every facet of their loss prevention strategy. Don’t forget to check out the 2021 C.L.E.A.R. Conference, November 16-18, 2021, in Orlando, Florida. In addition, the Buy Safe America Coalition has numerous resources and ways to get involved and aid in the protection of consumers and communities from the sale of counterfeit and stolen goods.

CONTROLTEK Releases Smart Solutions to Support Digital Transformation in Retail

BRIDGEWATER, N.J. (Oct. 5, 2021) – CONTROLTEK, a leader in retail loss prevention, has recently added new smart solutions to its product offering to support retailers in a rapidly digitizing industry. The new releases are part of CT360, a suite of smart solutions that use emerging technologies to provide the best in asset tracking, inventory management, omnichannel shopping, and more. 

“The retail industry has undergone a major acceleration in digital transformation, and advanced technology has become more integrated into many areas of retail,” said Tom Meehan, CFI, chief strategy officer, and chief information security officer at CONTROLTEK. RFID has near limitless potential in terms of inventory control and asset tracking. Through artificial intelligence and machine learning modelsretailers can now make more efficient data-driven decisions based on precise stock information and valuable customer insights to create a more personalized shopping experience.”

“At CONTROLTEK, we understand the unique challenges that retailers face as the industry shifts toward a new generation of retail,” said Rubin Press, vice president of global sales at CONTROLTEK. “That’s why we work with our clients to provide them with customized solutions that address their current challenges while preparing their business for the future.” 

“CONTROLTEK’s newest solutions InFlight RFID, a next-generation RFID as EAS reader; CONTROLSPAN, a robust RFID package for asset tracking, inventory management, and security; and a partnership with rapitag, the worldwide leading technology provider for secure mobile checkout, all support our ongoing commitment to supporting our clients through innovative solutions and systems to future-proof their businesses,” said Rod Diplock, chief executive officer at CONTROLTEK.  

For more information about CONTROLTEK’s commitment to the digital transformation of retail, visit the company’s website or contact a sales representative at sales@controltekusa.com. 

CONTROLTEK Launches CONTROLSPAN RFID Management Software

BRIDGEWATER, N.J. (September 28, 2021) – CONTROLTEK, a leading provider of loss prevention and asset protection solutions, has recently launched its new RFID management software, CONTROLSPAN, for real-time item-level visibility and asset tracking of the retail store.   

 “Although RFID has become a popular ‘smart’ alternative to barcode, retailers that want to truly transform their operations need to oversee all of their RFID solutions, which led us to develop our own RFID management software,” said Tom Meehan, CFI, chief strategy officer, and chief information security officer at CONTROLTEK. “By combining cloud, mobile, AI, and IoT technologies into one platform, CONTROLSPAN provides retailers with up to 99 percent accurate, real-time visibility of their entire stock, from production to point of sale, so they can streamline omnichannel sales and sell to the last unit.”   

 “With CONTROLSPAN, retailers can future-proof their business with the near-endless potential of RFID technology,” said Rubin Press, vice president of global sales at CONTROLTEK. “For example, retailers can integrate CONTROLSPAN with their existing customer relationship management system to start collecting and analyzing data in real-time to better predict shopping trends and changing customer expectations.”   

“We are setting a course for a new era of product innovation and inspiration for retailers. CONTROLSPAN is the future of retail inventory software and an integral part of the successful deployment of a cohesive omnichannel strategy,” said Rod Diplock, chief executive officer at CONTROLTEK. 

 For more information about CONTROLSPAN, visit CONTROLTEK’s website or contact a CONTROLTEK sales representative at sales@controltekusa.com.  

CONTROLTEK Presents LPF Webinar: Solutions to Support Retail Digital Transformation in Retail (Retail 4.0)

BRIDGEWATER, N.J. (Sept. 23, 2021)  – CONTROLTEK, a leader in retail loss prevention solutions,  announces a new webinar: Solutions to Support Retail Digital Transformation in Retail (Retail 4.0). With numerous unexpected changes to the retail landscape in 2020, the widespread digital transformation of the retail industry is increasing faster than ever. Many retailers have utilized technology to optimize their operations in areas like omnichannel shopping, self-checkout, Pay and go, and inventory management.

“We have seen a seismic shift in terms of the rapid digitalization of the retail industry, which was accelerated by the COVID-19 pandemic. Now, more than ever, retailers need to utilize data-driven technology to make efficient decisions related to loss, overstocking, user shopping patterns, returns, the customer experience, and much more,” said Tom Meehan, CFI, chief strategy officer, and chief information security officer, at CONTROLTEK.

“Retailers now face unique challenges as the industry accelerates towards Retail 4.0,” said Rubin Press, vice president of global sales. “In this webinar, we will discuss these challenges, and introduce future-ready technology that supports the digital transformation of retail, through customizable solutions for loss prevention, asset tracking, inventory control, and much more.

The webinar takes place September 30, 2021, at 1:00 PM EST via Zoom, and is presented by the Loss Prevention Foundation and qualifies for 1 continuing education unit (CEU) toward an LPCertified or CFI recertification.

To register for the webinar, visit the Loss Prevention Foundation’s website.