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Mitek Systems Seeing Record Deployment of Its Patented Mobile Deposit® Application

SAN DIEGO Jan. 18 ,

James B. DeBello December 31, 2010 the United States

DeBello said the increasing deployments are a harbinger of another successful year for Mitek as the Company enjoys further adoption of Mobile Deposit and strives to broaden its offerings enabled by its core expertise in mobile image-processing technology, including its most recently announced product Mobile Photo Bill Pay™.

Mobile Deposit is the patented application that allows users of the world’s favorite smart phones – including iPhone, Android and BlackBerry mobile devices – to deposit funds into online accounts simply by snapping photos of their checks using their smart phone cameras anywhere, any time. The solution is highly secure and convenient in giving consumers an alternative to visiting bank branches or ATMs to make deposits.

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"The success we had last year in racking up distribution partnerships for Mobile Deposit gave us good reason to call it the ‘Gold Standard’ in mobile remote deposit capture," said DeBello. "It’s tremendously satisfying that our strategic vision for Mobile Deposit is now being realized, and we’ve introduced Mobile Photo Bill Pay as the next major mobile image-processing innovation from Mitek designed to deliver a huge convenience to consumers."

About Mitek Systems

the Gold Standard for Mobile Check Deposit the United States

Today, Mitek is applying its patented technology and extensive expertise in image correction, optical character recognition and intelligent data extraction to mobile devices.  Using Mitek Mobile Apps, smartphone users can now deposit checks, pay bills, save receipts and fax documents while on the road or sitting at a desk — eliminating trips to the bank, Post Office and file cabinet.  Simply take a picture of the document and Mitek does the rest — correcting image distortion, extracting relevant data, routing images to their desired location, and processing transactions through users’ financial institutions.

Contact :

Jim Byrnes, for Mitek Systems

+1 610-248-5053

[email protected]

SOURCE Mitek Systems, Inc.

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