Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: Mitek Systems is the award-winning innovator of the Mobile Deposit® and Mobile Photo Bill Pay™ applications for smartphones that allow users to deposit checks and pay bills via their devices’ cameras. Mobile Deposit is the leading mobile remote deposit capture product for the financial services industry. It’s accurate, secure, easy to use and complies with all banking industry regulations. Users of Mitek apps simply use their iPhone, BlackBerry or Google Android smartphones to 1) initiate mobile-banking sessions with their FIs, 2) align their checks or bills within their devices’ camera-image frames and 3) snap photos. The apps do the rest in enabling check deposits or bill payments in the RDC format banks and credit unions require.

How they describe their product/innovation: With Mitek’s new Mobile Photo Bill Pay™ app, users submit electronic payments from their smartphones without writing checks, visiting payment locations or using their computers. They simply take pictures of the bills and Mobile Photo Bill Pay (MPBP) does the rest. It is highly secure, accurate, fast, easy to use, eliminates the hassle of setting up information for individual payee accounts, corrects image distortions, accurately reads data, processes transactions through the users’ banks, and payee information is automatically saved. In the absence of standard invoice formats, MPBP employs sophisticated new technologies to find the bill pay data in mobile images.

Contacts:

Bus. Dev.: Drew Hyatt, SVP Sales & Business Development, dhyatt@miteksystems.com, 858-503-7810×356
Press: Sue Huss, sue.huss@comunicano.com, 619-379-4396
Sales: Jack Dollard, Marketing & Sales Associate, jdollard@miteksystems.com, 858-503-7810×325