Mobile Photo Bill Pay allows banks, financial institutions and service providers to offer their customers the ability to add new payees and pay bills, as easy as “Point, Shoot, Pay”.
Easy Integration with your Mobile Bill Payment App
Photo Bill Pay is easily integrated into your existing bill pay
application and enables consumers from their mobile device to snap a
picture of a bill to:
• Add a new payee
• Set up recurring bills and payments
• Simply and easily pay one-time or non-recurring bills
• Make expedited payments
Aite Research Found Mobile Photo Bill Pay benefits Your Bottom-line by:
• Increasing DDA balances. Earn incremental income from the spreads associated with the lift in DDA balances that support bill pay.
• Improving customer retention. Increasing pay bill usage reduces churn.
• Generating incremental Fee Revenue. When consumers adopt Mobile Photo Bill Pay, they often are willing to pay fees to expedite payment of their bills.
• Driving usage and targeting younger consumers. Usage of smartphone and tablets, especially by younger consumers, is growing at 30% annually.
Leverages Mitek’s Mobile Imaging Platform
Mobile Photo Bill Pay, and the entire suite of Mitek Mobile Imaging solutions for Banking utilizes Mitek’s enterprise-class, patented Mobile Imaging Platform .