Blog

July 12, 2016
Blog Entry

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.
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June 10, 2016
Blog Entry

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.
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May 13, 2016
Blog Entry

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.
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May 2, 2016
Blog Entry

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.”
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April 20, 2016
Blog Entry

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

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).
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April 6, 2016
Blog Entry

Mobile identity verification lets you say yes to more good customers

In an interconnected world where people keep on the move, changing estates and countries more and more often than ever, the ability to verify your customers’ identity has become capital to ensure a secure and effective acquisition experience.

Being capable of checking the identity of your prospective customers regardless of their country of origin will translate into more safe and effortless acquisitions. Furthermore, having access to mobile ID verification means that you can better target high-value yet currently under-served customers such as expats or foreign students.

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March 16, 2016
Blog Entry

Create the Mobile Capture You Want - Customizing the MiSnap SDK for Your Mobile Application

With the release of v3.0 of the Mitek MiSnap Software Development Kit (SDK), delivering the mobile capture user experience you want has never been easier. We have completely exposed the UI layer, opening up access to the source code and giving developers more control over UX and UI elements such as workflow, screen layout, tutorial screens, and colors. Here’s a quick look at some of the customization options available:
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March 9, 2016
Blog Entry

How Identity Verification Technologies Help Banks Solve Pended Queue Issues

The mobile revolution has allowed financial institutions to reach and acquire more prospective customers than ever before; however, financial institutions are losing 15-40% of them because they get trapped in their pended queue and are never converted to customers. Financial institutions can solve their pended queue issues and improve customer acquisition rates by implementing mobile identity verification technologies, such as Mobile Fill™ and Mobile Verify™.
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March 2, 2016
Blog Entry

Integrate mobile capture into your application - Getting started with Mitek MiSnap SDK

Mitek MiSnap™ is the mobile capture component of all Mitek solutions. Through innovative science and advanced algorithms, MiSnap delivers powerful image capture capability that application developers can use to extract data from various document types—passports, state vehicle operator licenses, and employee identification cards to name a few—for identity verification and to simplify data entry.

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February 23, 2016
Blog Entry

Mobile Age Verification Imperative to Safe Commerce of Regulated Goods

As mobile commerce sweeps across all industries, age-restricted goods and services like gaming, alcohol, tobacco and adult entertainment are increasingly sold on the mobile channel and must be regulated. It’s evident that merely entering a date of birth is not an effective way to manage access to age-restricted content and retailers face major fines and could even be shut down if they are caught selling to minors. So how can merchants protect themselves?
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