Mitek Partners with Harland Clarke to Improve RDC Security

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If you’ve ever had the experience of picking up a check and wondering if you’ve already deposited it, you’ll understand the premise of the new feature from Mitek and Harland Clarke. The two companies have partnered to strengthen the security of Mitek’s Mobile Deposit RDC solution by implementing Harland Clarke’s Photo Safe Deposit feature.

Harland Clarke has printed three mobile fraud-prevention indicators on its checks:

  1. Photo Safe Deposit Icon: An icon that informs the account holder their check includes mobile RDC fraud prevention.
  2. Image Match: Identical magnetic ink character recognition (MICR) code lines printed on both sides of the check. This verifies the front and back belong to the same check and prevent multiple uses of the endorsement.
  3. Mobile Mark: A box for account holders to mark, indicating they have already deposited the check.

MitekHCCheckFeatures

When the account holder photographs the check to deposit it, Mitek’s software scans the check, searching for the printed prevention indicators on Harland Clarke checks. If authenticated, the check images are sent to the bank, which validates the requirements and approves the deposit.

James B. DeBello, Mitek president and CEO, says the new solution “does all the work to increase security and mitigate depositor errors without any extra steps required by consumers or banks.”

Mitek is based in San Diego, California, and debuted its ID authenticity validation at FinovateSpring 2015 in San Jose.

Finovate Alumni News

On Finovate.com

  • Mitek Partners with Harland Clarke to Improve RDC Security”
  • Pindrop Raises $75 Million for Phone-printing Authentication”

Around the web

  • Gate City Bank ($1.9 billion in assets) chooses DNA core account processing platform from Fiserv.
  • Powered by FIS, the Venture Center is now accepting applications for its VC Fintech accelerator.
  • Venmo adds in-app merchant payments.
  • Algomi wins Risk Magazine’s “Trading Technology Product of the Year for the Buy-Side” for a second year in a row.
  • Experian enhances Small Business Credit Share program.
  • Credit Karma surpasses milestone: serves 50 million users who use Credit Karma to manage $3 trillion in debt.
  • Check Point releases new hardware to address cyber security and protection.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Xignite Surpasses 50 Billion API Calls in a Single Month”
  • “Feedzai Unveils its New Antifraud Solution, Data Science Studio”

Around the web

  • Comarch supports insurance sales and after-sales service by automating sales force at UNIQA Poland.
  • Let’s Talk Payments talks about Photo Verify with Sarah Clark, Mitek VP of product.
  • AcceptEmail and Kansys team up to provide email billing and payment options to telecoms via OCPay.
  • Fiserv and Early Warning partner to enable real-time bill pay and deposit services for U.S. FIs (financial institutions).
  • Corporate One partners with Gro Solutions to expand credit unions’ digital platforms.
  • Mitek launches mobile multicheck-capture for Commercial Mobile Deposit.
  • USAA and Coinbase partner to bring bitcoin to USAA members.
  • The Daily Telegraph features SocietyOne.
  • Euronext launches sentiment analysis partnership with Heckyl Technologies.
  • GEICO employees get access to HelloWallet, helping them manage their 401(k).
  • Visa Inc. to Acquire Visa Europe.
  • DriveWealth teams up with CQG, Direct FX to launch new, multi-asset trading platform.
  • FX Street calls Ayasdi “the next evolution in science.”
  • Arxan Technologies extends its app-security protection to Apple TV.
  • Mobile World Magazine looks at Fastacash and its new partnership with Xpress Money Services.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

 

Finovate Alumni News

On Finovate.com

  • “Spreedly Raises $2.5 Million in New Funding”

Around the web:

  • BNY Mellon to deploy iRemit, a cloud-based remittance solution from Top Image Systems.
  • Vouch Financial CEO Yee Lee weighs in on the future of banking.
  • Cardlytics partners with MasterCard to deliver card-linked services.
  • New York Magazine profiles Blooom President Greg Smith, a former Goldman Sachs banker.
  • Mitek adds facial recognition to its ID document-verification solution, Photo Verify.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr Live: Mitek’s MiSnap SDK Helps Developers Build Mobile Capture Apps

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miteksystems.com | miteksystems.com/blog | @miteksystems

MitekLogoHeadquartered in San Diego, California, Mitek (NASDAQ: MITK) is the leading innovator of mobile capture and identity solutions to improve customer acquisition. Mitek’s patented mobile photo technology automatically captures images of personal, financial and ID 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, identity authentication and many other use-cases. This innovative technology is licensed by more than 4,000 organizations and used by tens of millions of consumers, enabling increased customer acquisition, retention and operational efficiency.

Amazing mobile capture experiences, made easy by Mitek
Today’s consumers expect excellence in their mobile user experience and fintech is no exception. Fintech developers are under constant pressure to deliver new features and functionality at a breakneck pace. With the explosive adoption of mobile deposit, your customers are embracing their device’s camera as a tool to simplify their lives. Join Mitek, the inventor of mobile deposit, as we demonstrate how to build a simple mobile capture app by leveraging our Android MiSnap SDK. Used by development teams in some of the biggest banks in the world, MiSnap powers millions of mobile transactions, and it can power yours too.

Key takeaways:

  • Learn to leverage the same technologies used by more than 4,000 financial institutions and
    millions of users
  • How to add an amazing mobile capture user-experience to your app while minimizing development efforts
  • Discover the many fintech use-cases that can be supported by deploying Mitek products in your technology stack

Presenters:mitek_findevr

Presenters:

Steve Craig, Senior Product Owner
LinkedIn | scraig@miteksystems.com | 858-309-1736
Craig drives product for Mitek’s market leading MiSnap SDKs. He has 10-plus years’ experience in the technology industry and has previously worked on SaaS and mobile solutions for Digital Insight, Intuit, and HP. Steve holds a master’s in business administration from the University of California, San Diego.

Ashok Singal, Project Manager, Lead Android Developer
LinkedIn | @singalashok | asingal@miteksystems.com | 858-903-1741
With 13-plus years in the mobile industry, Ashok has worked internationally for different cell phone manufacturers, such as LG US, Siemens Germany, Samsung India, and BenQ Taiwan, programming on different mobile platforms to proprietary operating systems, and developing a number of applications.

Finovate Alumni News

On Finovate.com

  • “Finicity Acquires Aurora Financial Systems”

Around the web

  • Temenos and Accenture team up to help Nordea replace its core banking system.
  • Vantiv named as merchant services solution provider for Rabobank.
  • Let’s Talk Payments interviews Currency Cloud CEO Mike Laven. Join Currency Cloud in October for FinDEVr 2015 San Francisco.
  • Cachet Financial Solutions unveils its Select Mobile Money turnkey payroll program for corporate clients.
  • Checkout.com adds SafetyPay to its list of payment options for merchants in the Latin American market.
  • BankNXT encourages banks to follow the lead of Fidor Bank when it comes to “community and openness.” Join Fidor Bank in San Francisco for FinDEVr 2015.
  • Human Resource Executive Online highlights DoubleNet Pay in a look at financial wellness programs in the workplace.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr Preview: Mitek

FinDEVr2015LogoV2DateFinDEVr Previews highlight companies presenting new developer tools, platforms and integrations at FinDEVr 2015 San Francisco, 6/7 Oct. Early bird savings end Friday, so pick up your tickets today.

We’ll provide a behind-the-scenes look at Mitek’s patented image-capture and computer-vision technology powering our Mobile Deposit and Photo Fill products used by nearly 50 million users. We’ll also touch on our unique MiSnap auto-capture SDK.

MItek_homepage_Sep2015

Why it’s a must see

Come check out Mitek’s advanced image-capture and computer-vision technologies. Once available only to financial services, Mitek technologies are now open to developers across all industries via the Mitek developer program. Learn how to make removing friction as easy as a photo-snap in your customer experience.


Check out more of today’s FinDEVr previews:

 

Finovate Alumni News

On Finovate.com

  • “Ask Finovate: Who’s Who in Voice Banking Technology?”

Around the web

  • American Banker talks with miiCard CEO James Varga on how miiCard creates “digital passports” for consumers to prove their identities without oversharing information.
  • Pymnts considers Mitek’s latest acquisition.
  • Canandaigua National Bank & Trust hires Insuritas  to expand the bank’s existing insurance agency with its omni-channel, insurance-agency platform.
  • Payoneer expands presence in India.
  • LendingTree adds Ascend Consumer Finances to its personal loan-lender network.
  • EyeVerify partners with Olcsan CAD Technology to bring eye-vein biometric technology to Turkey.
  • StrategyEye interviews Jens Saltin, Klarna’s head of expansion.
  • The Telegraph’s column on the high cost of bank transfer fees highlights TransferWise.
  • T24 Islamic core banking solution from Temenos now available as cloud-based service.
  • Dwolla ditches the quarter, stops charging 25-cent transaction fee.
  • Arxan extends its application-protection platform to support apps built on Android on Intel Architecture.
  • Xero reaches 500,000 customers for its cloud accounting service, sets sights on 1-million-customers milestone.
  • VentureBeat names Prosper, Lending Club, and TransferWise in list of billion-dollar companies.
  • Finaeos forges partnership with Tata Consulting to help SMBs take advantage of Regulation A+ of the JOBS Act.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: SayPay Combines Voice Recognition and Biometric Authentication

Around the web

  • ColoradoBiz talks with Entrepreneur of the Year finalist: Krista Morgan, CEO and co-founder of P2Binvestor.
  • TechCrunch column on bitcoin and the remittance market references Coinbase and TransferWise.
  • PYMNTS.com highlights OnDeck, Lending Club, and Prosper in its look at the changing relationship between banks and alternative lenders.
  • Business Insider: SocietyOne thinks Australia is big enough for a bunch of small players.
  • TradeHero parent partners with the Singapore Exchange (SGX) to launch the SGX StockWhiz 2015 contest.
  • Bitbond, Wealthfront, and TrueAccord listed among six rising fintech startups.
  • Lendio-powered Staples business loans surpasses $1 million in funding for 43 SMBs across the U.S.
  • Quisk short-listed for Red Herring’s Top 100 North America award.
  • Fox Financial Planning Network picks Jemstep’s Advisor Pro as automated investment service platform for its AdvisorTouch Symphony program.
  • The Hanover Insurance Group teams up with Identity Theft 911 to provide businesses with better defense against data breaches.
  • FearlessMen.com reviews small business lender, EZBOB.
  • etcAndroid spotlights Toshl Finance Budget and Expense app 1.7.21.
  • FundSERV to integrate e-SignLive from Silanis into its eDOCS solution.
  • Mitek to acquire IDchecker, a global identity verification solutions provider.
  • Oink featured in USA Today’s list of five financial musts for college grads.
  • Accredited Investor Markets interviews DarcMatter CEO Sang Lee.
  • Kabbage partners with Sage payment solutions to launch Sage small business loan powered by Kabbage.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Mitek Showcases New Mobile Photo Account Opening Capabilities

FS15_Mitek_logo

This post is part of our live coverage of FinovateSpring 2015.

Mitek showcased its guaranteed ID authenticity validation technology:

Mitek is showing how to improve funnel metrics and double the number of accounts booked with Mobile Photo Account Opening for Mobile Web. Then we’ll showcase our new, instant, and guaranteed ID-authenticity-validation technology, which is a key to the future of mobile identity proofing.

Presenters: Michael Nelson, VP, business development; Sarah Clark, VP, product

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Product Launch: Georgia, fall 2015

Metrics: Our technology is used by more than 47M users of 3,300 banks. Mitek has 60+ employees; 8,186 average web sessions per month; 2014 revenue of $19M.
Product distribution strategy: Direct to Business (B2B), through fintech companies and platforms

HQ: San Diego, California
Founded: January 1985
Website: miteksystems.com
Twitter: @MitekSystems