Remote Deposit Capture - An Easy and Secure Process
Mitek's mobile-banking application - Mobile Deposit- has
quickly become the "Gold Standard" in mobile remote deposit capture
(RDC) because it's easy to use, accurate and two-factor secure in allowing
consumers and business people to deposit checks using their camera-equipped
smartphones. Using their smartphones, in effect, as scanning devices, users can
deposit checks from anywhere at any time, allowing quicker payments and/or
access to funds. All they have to do is
initiate a mobile banking session with their banks or credit unions, then snap
photos of the fronts and backs of the checks they want to deposit. The Mitek
software does the rest, delivering enhanced images in the format the financial
institutions already use. No trip to a
branch or ATM required.
Customers Deposit Checks Simply By Snapping Photos with Smartphone
Customers with iPhone, BlackBerry, and or Android smartphones simply download the application. Then, they log in using two-factor authentication to initiate a secure session, key in the amount of their deposit, and take a picture of the front and back of the check. That's it! Mitek's patented imaging technology takes care of everything. Within seconds of uploading the transaction, the user receives a confirmation that the deposit was received successfully. Mobile banking cannot get any easier than this.
Supports Check 21 Industry Standards for Image Quality
Mobile Deposit ensures that all photos are picture-perfect. Using patented imaging technology, the application automatically corrects many different types of photographic and physical problems, such as photos of checks that may be wrinkled, skewed, distorted, or taken under poor lighting conditions. Plus, it uses Mitek's powerful specialized OCR software for accurate MICR validation, as well as a custom Mobile IQA library which provides the user with instant feedback on the quality of their photos. Mobile IQA informs the user whether the photograph is acceptable for processing; if it's not, Mobile IQA offers specific hints on what the problems are with the image (e.g. "poor lighting", "too blurry"). Mobile Deposit conforms to industry-accepted standards for image quality as well as for RDC (Remote Deposit Capture).
Benefits
- Convenient: Customers can deposit checks from anywhere, at any time.
- Secure: Two-factor login authentication, data encryption on the smartphone and en route to a safe server.
- Accurate: Captures and optimizes check images and automatically extracts payment data.
- Check 21 compliant: Ensures only images satisfying FSTC image quality standards pass.
- Easy to download and use: Integrates into existing mobile wallets or stand-alone applications.
- Fast: Deposit in just three steps: enter amount, image front, image rear.
Features
- State-of-the-art encryption: Strong protection to keep your data secure.
- Banking-approved image standards: Front and rear check photographs are automatically verified and converted.
- Multi-account capable: User can deposit into one of several accounts.
- Review history: Recent deposits viewable on smartphone (if bank policy permits).
