Provides Convenient Check Deposit and Bill Pay to Mobile Customers

Imagine a check scanner in your hand!

Introducing ImageNet Mobile Deposit, the first mobile banking software that extends mobile payments and check deposit capabilities to millions of customers who use camera phones.

ImageNet Mobile Deposit enables banks and carriers to deliver valuable financial services to their existing customers and compete for new customers beyond their branch footprint. ImageNet Mobile Deposit provides exceptional convenience to customers and complements existing mobile banking capabilities.

Camera phones act as low cost mobile scanning device.

Remote Deposit Capture (RDC) is enjoying rapid adoption. But the hardware cost of today's typical solution makes it a non-starter for many consumers and small businesses. Enabling mobile deposit capture using camera phones makes remote deposit both affordable and ubiquitous. ImageNet Mobile Deposit captures checks and paper bills using the increasingly powerful cameras built into most mobile phones and supports Check 21 standards for RDC.

Downloading the application is simple.

ImageNet Mobile Deposit is patent pending and can be implemented as a standalone application or integrated into existing RDC or mobile banking platforms. Mitek's new mobile offering leverages the company's proven ImageNet Payments, Remittance, IQA and patented signature validation technology used by banks to authenticate checks.

Making a deposit is easy.

The customer initiates a mobile banking session, keys in the deposit amount and snaps a photo of the front and back of the check. Before transmitting data to the bank, Mitek's software optimizes the check image and confirms that it meets Check 21 image quality standards. In addition, Mitek deploys its patented signature validation technology to allow authentication of the endorsement. After the bank's system processes the deposit, it sends the customer a confirming text message.

Paying paper bills follows a similar approach. The customer snaps a photo of the payment coupon, keys the payment amount and payment date, and the solution automatically extracts and validates payment data and sends it to the bank. The bank returns a confirming text message to the customer.