Identity Verification Blog

Leading payments company lifts restrictions on 92% of users after taking ID verification mobile

Mitek’s new case study shows how going mobile with their ID documents verification helped a leading payments company to lift temporary restrictions on 92% of users from around the world.

Read Blog Post

What will the future look like for the Payments Industry? More mobile, more secure, faster

This year's edition of Money20/20 will focus on blockchain, regulatory challenges and the opportunities these might bring for uprising regtech companies. Mitek’s Experts will be available at booth number 3227 in the Money20/20 Expo Hall from Monday through Wednesday (24-26, October, 2016) to answer all your questions about how you can leverage mobile capture and omni-channel identity verification to optimize the digital channels for acquisition in a fast, engaging and secure way.

Read Blog Post

New REAL ID compliant driver's license USA

REAL ID Act Compliance Deadline Is Now! Are You Ready?

The REAL ID Act, passed in 2005 by the Congress, requires all states to issue driver’s licenses that meet minimum standards for security and identification. Twenty two states and the District of Columbia are fully compliant with the REAL ID Act leaving most of the remaining states and territories operating under an extension through Oct. 10, 2016.

Read Blog Post

Expert Advice to Optimize Digital Channels for Acquisition

Ready to embrace the digital transformation? Our Digital Account Opening: How to Increase Your Top Line On-Demand Webinar, hosted by American Banker and co-sponsored by Avoka, offers expert advice on proven ways of optimizing the digital channels for acquisition.

Read Blog Post

New Report Ranks 15 top Banks on Mobile Deposit User Experience and Adoption: Capital One, BBVA Compass, and Bank of America lead the pack

Michael Diamond

Mitek commissioned Futurion and Comrade Agency to research any potential correlation between the quality of a bank’s CX and their customer adoption. Download the report in full to discover the existing degree of differentiation between the largest banks’ mobile deposit solutions and find out more about how Capital One, BBVA Compass, and Bank of America are leading the pack.

Read Blog Post

AML Practical Guidance for Financial Services in Europe: Making The Most of The 4AMLD

Joe Bloemendaal

Mitek has put together a quick reference guide covering the most recent AML and KYC regulatory developments in Europe. Download this free guide to be better prepared to turn the new regulation’s to your advantage.

Read Blog Post

Mobile Capture performed by Mother and Daughter while capturing a check.

Mortgages go mobile with smartphones

Tom Groenfeldt

Mitek's guest writer Tom Groendfelt highlights how Rocket Mortgage by Quicken Loans will help Americans get a mortgage anywhere, anytime, from their smartphone. Mobile document verification enables mortgage providers to speed underwriting and expedite document collection, empowering them to win over tech savvy home buyers such as millennials.

Read Blog Post

Capitalizing on customers’ loyalty for higher revenue: “Make it Easy, make it Mobile”

Bringing traditionally time-consuming and cumbersome processes such as identity verification for account opening purposes to the mobile channel means that these formerly burdensome procedures turn into convenient, fast and delightful experiences. In other words: "make it easy, make it mobile; make it secure, make it mobile."

Read Blog Post

Optimizing in-branch assisted service with mobile capture and ID verification

How to transform your branch for success with digital ID Verification

Mitek and The Financial Brand have partnered to offer you a new on-demand webinar: Transforming your Branch with Mobile Capture and ID Verification. Learn the best strategies to master the branch revolution and use our downloadable Q&A to drive your digital transformation roadmap.

Read Blog Post

Mobile ID verification helps mitigate unintended negative impact of mandatory SIM card registration in the EU

Mobile identity verification, key to mitigate the effects of EU’s mandatory SIM card registration

Joe Bloemendaal

New regulation tends to add pressure to players competing in a highly mature market, and the implementation of severe controls and sanctions for those companies selling anonymous pre-paid SIM cards has been wearily received by different stakeholders in the telecommunications industry.

Read Blog Post

Winning strategies to champion the branch transformation race

Interested in learning winning strategies to champion the branch transformation race? Get registered today and join our upcoming webinar, Transforming your Branch with Mobile Capture and ID Verification, to discover effective and profitable ways of improving your in-branch assisted service.

Read Blog Post

How does our desktop-to-mobile ID verification work for digital onboarding?

Eliminate customer frustrations when opening a new account. Use Mobile Verify with desktop-to-mobile capabilities to optimize your onboarding with a truly omnichannel identity verification solution that allows you to seamlessly cross systems as the customer moves through each step of the account opening process.

Read Blog Post

Infographic_MobileVerify_RegTech_and_Optimized_Onboardin

Mobile identity verification can help banks save 3 billion pounds in costs related to ID fraud

Each year, banks in the UK allocate more than 3.3 billion pounds to identity assurance processes. This post outlines the competitive edge for those banks and financial institutions digitizing their new client onboarding and using mobile identity verification to optimize that process.

Read Blog Post

Equifax hack: a catalyst for secure identity verification

6 Things Banks Can Do To Avoid Losing Big Due To Identity Fraud

With $35,600 lost every minute due to identity fraud in the past six years, welcoming customers to a secure digital environment where they can enjoy a seamless banking experience is not just a key differentiation element for financial institutions but an imperative to keep their edge over competition. Follow these simple steps to improve the security of your mobile onboarding without compromising the quality of the customer experience.

Read Blog Post

CNP Focuses On Making Fraud Prevention Profitable

The Card Not Present conference drew more than 1,000 people to Orlando to talk about fraud detection and deterrence. Curiously enough, the focus was less on just stopping fraud and more on how to avoid fraud prevention practices that eat into revenues. Merchants know they will always have some fraud as long as they are in business. While they want to reduce fraud, they think it’s at least as important to avoid stopping good transactions or worse, shutting down a sale in a way that loses a consumer forever.

Read Blog Post

Advanced Cash Prevents Fraud Using Instant Mobile ID Document Verification from Mitek

Advanced Cash provides individuals and businesses worldwide with an easy to use and versatile online payment system. Headquartered in Belize, the company’s specialties include payment processing, MasterCard prepaid virtual and plastic cards, P2P transfers, e-wallet platform, B2C affiliate and card payouts.

Read Blog Post

Mitek’s Omnichannel Identity Verification Demoed for the First Time and Finovate Spring 2016

Mitek was proud to present our first desktop-to-mobile ID document verification experience and new device ID capabilities for Mobile Verify this week at Finovate Spring in San Jose. Sarah Clark, the General Manager of Identity at Mitek and Steve Craig, our Director of Product and Experience took the stage and demonstrated the Mitek’s new omnichannel enrollment process that links a customer’s desktop application or transaction to a mobile identity verification that can be completed on a mobile device.

Read Blog Post

Mitek Surpasses One Billion Mobile Check Deposits

We're happy to announce that our Mobile Deposit® solution licensed by more than 5,000 U.S. financial institutions and used by more than 70 million consumers has now processed over one billion check deposits. Our Chairman and CEO, James DeBello, sums it up nicely when he says “We estimate we have collectively saved consumers over 416 million hours in unnecessary trips to a branch or ATM. Moreover, we estimate that banks have saved over $2.5 billion in reduced processing costs. And, today with less than 5% of the total number of checks being deposited through a mobile device we are just getting started.”

Read Blog Post

New European Data Protection Shakes Age-Restricted Content: Consent Gap Up from 13 to 16 Years Old

With the takeoff of social networks such as Snapchat, clearly catering more for a younger audience than the more established Twitter or Facebook, or the ever growing appeal of Instagram, keeping up to speed with regulations about the minimum age of audiences to consume certain types of content or digital goods has turned into a priority for many companies.

Read Blog Post

Race over foreign students goes mobile: how tech can help you win

Tom Groenfeldt

Although many might argue that in any case education should be tied to money, truth is that it significantly contributes to the overall economy of any country. Take the United States, for example, where about a million students from abroad contribute to the American economy with $18 billion’s worth of tuition and $13 billion in living expenses each year, as per a recent research conducted by World Education Services (WES).

Read Blog Post

You are here

Blog