SAN DIEGO – May 27, 2014 – Mitek (NASDAQ: MITK, www.miteksystems.com), the leading innovator in mobile imaging for financial transactions, today announced that it has been issued U.S. Patent No. 13,844,511, “SYSTEMS AND METHODS FOR PROCESSING MOBILE IMAGES TO IDENTIFY AND EXTRACT CONTENT FROM FORMS,” by the U.S. Patent and Trademark Office. Mitek now has 20 patents issued and 22 patent applications pending.
This patent describes one of the more complex aspects of Mitek’s underlying technology. Mitek’s CTO, Michael Strange, explains, “In order to properly process images which are collected from a mobile device, a complex set of analytics steps are needed. Consumers use mobile imaging in a variety of conditions, and our software needs to handle it. So, we deconstruct each image, analyze the contents, identify each field, and categorize identifiable characteristics. We are proud of our technology in this area, and proud to have received our 20th patent in recognition of it.”
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Headquartered in San Diego, CA, Mitek (NASDAQ: MITK) is the leading innovator of mobile imaging for financial transactions. Mitek’s patented mobile photo technology automatically captures images of personal and financial documents and then extracts relevant data. This enables consumers to use the Camera as a Keyboard™ to reduce friction for mobile check deposit, account opening, bill payment, insurance quoting, and many other use cases. This innovative technology is licensed by more than 2,000 organizations and used by tens of millions of consumers enabling increased customer acquisition, retention and operational efficiency. www.miteksystems.com
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