2018 Mobile Deposit Benchmark Report

The report looked at how 20 U.S. retail financial institutions (FIs) ranked based on the quality of customer experience in app design and customer-friendly policies

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We Invented Mobile Deposit®

Mobile Deposit® is the market-leading mobile remote deposit capture (mRDC) solution for retail financial institutions, brokerages, and prepaid card providers. Our patented, award-winning technology has been licensed by more than 6,100 financial institutions and is loved by more than 80 million consumers.

See world's best auto-capture experience

Mitek has enabled more than
2 Billion Mobile Deposits

Totaling $1.5 trillion in cumulative check value

Saving banks
$5 billion

Saving consumers
830 million hours

Keeping
11 million tons of CO2
out of the atmosphere

Everyone Loves Mobile Deposit®

Easy and convenient

So happy to be able to make deposits at any time and not only during banking hours. Great easy design!

— Banking App Review

Being disabled and unable to drive, Mobile Deposit is so important and I am very grateful for it!

— @Treena

Check deposit fantastic!

The check deposit system almost works by itself. It's easy, fast and convenient. Thanks for continuing to improve your online banking!

— Banking App Review

It works

Efficient way to make deposits. Better than driving to the bank, waiting in line and filling out a form.

— Banking App Review

mobile deposit saves so much driving

— @leokuumi

I work full time and am also fighting breast cancer (which is basically 2 full-time jobs)

If I couldn't use mobile check deposit, I have no idea how I'd ever get money into my account!

— Aleah G.

Check deposit without leaving home

I love that I can deposit checks without having to leave my house. Crushing the banking game.

— Banking App Review

Quick deposit

Love it. I'm saving time and gasoline by not having to go to the bank.

— Banking App Review

My new bank needs to come out with mobile deposit soon!

— @Cheyagurl

Mobile deposit gotta be the best thing ever

— @hermit__

Loving my mobile deposit app!!! Easy, fast & totally convenient!!!

Just what I need on my extremely busy days to handle busy and save time & money (gas to the bank)!!!

— Credit Union App Review

I love mobile deposit it's so clutch when you get your check at this time of night

— @raaayfm

Love the check deposit feature

Wish I could do everything I can do online through the app, but at least for check deposits it's flawless. I rarely need to visit an atm let alone the bank anymore.

— Banking App Review

Mobile deposit is one of the best inventions EVER.

— @adrianmacaroni

Use it all the time..!

Love this app... I use it all the time for personal as well as business. I can deposit checks with a simple click of a button without leaving home and transfers are easy...Great app..!

— Banking App Review

Deposit

I love that I don't have to go to the bank to deposit my check. I could just take pictures and voila! its deposited.

— Banking App Review

Amazing convenience!

Not having to physically go to the bank to deposit checks or make transfer is the best thing when life is busy busy busy! This app helps me so much in my everyday life; I can keep track of my money wherever I go and it feels secure to use this mobile banking app.

— Banking App Review

Read 10 Reasons Why Mitek's Mobile Deposit® is the Gold Standard for Remote Check Deposit

Usability, scalability, and risk mitigation

Exceptional user experience

Mitek's MiSnap™, our advanced auto capture experience, makes check capture effortless. The consumer simply holds their mobile device over the check and MiSnap™ automatically captures a usable image. Easy image capture means first time users are successful generating more usage and better reviews of your app. For the bank, Mitek's MiSnap™ mean less images are flagged for review.

Risk mitigation

Endorsement Detection - the ability to detect the presence of an endorsement on the back of a check
Restrictive Endorsement - detects the presence of a desired phrase in the endorsement such as “For Deposit Only at XYZ Bank” to limit duplicate deposits
CAR/LAR Matching - ensures the numerical and the written amounts match
Front and Back Matching – this feature leverages new Harland Clarke PhotoSafe checks
Immediate MICR Validation
Blank LAR Field Detection

Analytics

Business Intelligence Dashboard for performance analytics and tuning:

Understand what types of mobile devices are in use across the user base
Learn how all iOS and Android devices are performing
See imaging quality analytics, system performance, and other key metrics

Build your Mobile Deposit® app on Mitek’s strong foundation

Image analytics meet Check 21 Industry Standards
Advanced algorithms automatically correct images; dewarp, deskew, distortion, and poor lighting conditions.
Specialized OCR software for highly accurate MICR validation
API for easy integration into mobile banking apps as well as core systems
State-of-the-art encryption
Various account capable so the user can select from the accounts
Mobile Deposit® history review for deposits and processed images
International Support – available and supported in many countries around the globe.
Available for iOS and Android
Hosted and On-premise deployment

Mobile Deposit® is available through these partners:

Do you have any questions? Contact Us

Mobile Deposit^® Innovation Timeline

Read Open Letter to Banking Industry

10 Reasons Why Mitek's Mobile Deposit® is the Gold Standard for Remote Check Deposit

2018

Mitek Brings A2iA's Artificial Intelligence (AI) To Mobile Deposit® 4.7
Mobile Deposit® Processes More Than Two Billion Checks, $1.5 Trillion in Cumulative Check Value

2017

Offered by 6,100 Banks and loved by 80M Consumers
$1 trillion deposited through Mobile Deposit®
American Cancer Society adds Mitek MiSnap™ and Mobile Deposit® to its mobile app

2016

Mitek celebrates 1 billion mobile deposits
Mitek releases multi-check capture SDK to make commercial Mobile Deposit easy
Harland Clarke and Mitek collaborate to strengthen Mobile Deposit security with PhotoSafe™
Mitek granted patent for MiSnap™ automatic image capture technology

2015

Mitek delivers new Mobile Deposit® solution built for business
Mitek Granted 9th for Mobile Deposit U.S. patent No. '170

2014

Mitek MiSnap™ available to 20 Million plus Mobile Deposit® users
Mitek’s breakthrough restrictive endorsement feature reduces duplicate mobile deposits
Mitek MiSnap™ mobile auto capture improves Mobile Deposit® user experience at 10 leading financial institutions

2013

Mitek Labs adds endorsement analytics and business intelligence to Mobile Deposit®
U.S. PTO issues patents '473, '098 and '914 to Mitek

2012

$10 billion in Mobile Deposits enabled by Mitek
Mitek Mobile Deposit® powers more than 20 reloadable prepaid cards

2011

Mobile Deposit 3.0 with improved UX, performance and supports for more check formats announced
Top 5 US banks all signed for Mobile Deposit
U.S. PTO issues patents '514, '900, '268 and '176 patent to Mitek

2010

First Mobile Deposit patent issued
Partnership with FIS for Mobile Deposit announced

2009

Partners with NCR and FiServ for Mobile Deposit
Mitek and mFoundry announce demonstration of Mobile Deposit at BAI TransPay Conference in San Diego

2008

Conducts 1st public demonstration of Mobile Deposit at BAI TransPay Conference, San Antonio, TX
Files patents '900, '514, '268, '176
Files 1st Mobile Deposit Methods and Systems Patent
James DeBello speaks at first RDC Summit in session entitled "The Future of RDC"

2007

Develops initial Mobile Deposit prototype

2018 Mobile Deposit Benchmark Report

We Invented Mobile Deposit®

Mitek has enabled more than
2 Billion Mobile Deposits

Everyone Loves Mobile Deposit®