SAN DIEGO, CA, September 16, 2015 – Mitek (NASDAQ: MITK, www.miteksystems.com), the leading innovator of mobile capture and identity solutions, today announced that its Mitek MiSnap™ automated capture technology is now offered for Mobile Deposit® by leading financial brands that include four of the five top retail banks in the United States.
“More than 50 million Americans are depositing checks via their mobile devices and now four out of the five top retail banks in the US offer their customers mobile deposit using Mitek’s MiSnap feature,” said James B. DeBello, president & CEO, Mitek. “MiSnap makes the mobile capture experience quick, easy and reliable. With this simple user experience now familiar to millions of consumers, we are leveraging our leading auto capture solution to drive acceptance and adoption of our new mobile capture and identity solutions, which include our newest version of Photo Fill designed for use on a mobile web browser and our new Photo Verify solution. Using MiSnap, we can bring the same simple user experience for Mobile Deposit to new applications that expand our footprint with these mobile consumers and top financial institutions.”
With Mitek MiSnap, mobile capture becomes almost effortless. The consumer simply hovers the mobile device over the document and MiSnap indicates in real time when it detects a suitable image then automatically captures the image. This innovative capture technology is the only one that is ADA (Americans with Disabilities Act) compliant; enabling visually impaired consumers to take advantage of Mobile Deposit as well as Mitek’s other mobile capture technology.
In addition to Mobile Deposit, MiSnap is the capture experience for Photo Fill™ and Photo Verify™, which enable data prefill for mobile application forms and verification of document authenticity globally.
Mitek’s Photo Fill and Photo Verify products provide mobile identification options that are optimized for today’s rapidly expanding consumer digital sales market and significantly improve customer acquisition rates by enabling data prefill of online forms as well as the verifications of ID documents on a worldwide basis using the camera on a mobile device. Photo Fill and Photo Verify technology will enable enterprise customers to significantly increase the success rate of their digital customer acquisition efforts via the mobile channel.
About Mitek
Headquartered in San Diego, CA, Mitek (NASDAQ: MITK) is the leading innovator of mobile capture and identity solutions for customer acquisition. Mitek’s mobile photo technology enables consumers to use the Camera as a Keyboard™ to reduce friction for mobile check deposit, account opening, insurance quoting, payments, and ID document authentication. This innovative mobile technology is licensed by more than 4,100 organizations and used by tens of millions of consumers. In June of 2015, Mitek acquired IDchecker, a global provider of cloud based identity document verification and facial recognition solutions. The acquisition broadens Mitek’s global presence, expands document coverage to more than 3,500 document types and adds international customers in payments, financial services and information services. www.miteksystems.com
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Mitek Contact:
Ann Reichert
Senior Director of Marketing
Investor Contacts:
Todd Kehrli or Jim Byers
MKR Group, Inc.