Mitek Announces Groundbreaking New Mobile Multi-Check Capture™

SAN DIEGO, Nov. 03, 2015 (GLOBE NEWSWIRE) -- Today, Mitek (NASDAQ: MITK) (www.miteksystems.com) a leading innovator of mobile capture and identity solutions, announced Mobile Multi-Check Capture for Commercial Mobile Deposit Capture™ .  This powerful new capability will allow businesses to make batch deposits with a mobile device reducing their need for scanners and eliminating trips to the ATM or the branch.

“Most products currently rely on the consumer mRDC end user workflow of single-item deposits,” said Bob Meara, senior analyst at Celent."Multi-Capture will make mRDC much more usable for small & medium size businesses."

“There are 19 billion checks written annually and businesses receive two-thirds of them.  This is motivating businesses to look for mobile tools that allow them to quickly process payments without a trip to the bank, extra hardware or the interchange fees associated with credit cards,” said James B. DeBello, president and CEO, Mitek. “Mobile Multi-Check Capture provides significant value to these businesses and is the greatest innovation since the introduction of Mobile Deposit®.”

Mitek’s Mobile Multi-Check Capture allows authorized employees to process payments anytime, anywhere with innovative features such as:

• Mitek MiSnap™ – touch free capture allows for fully automated batch capture and decreases the number of items that require correction
• Minimal Data Entry – check amounts are automatically captured so there is no need to enter check amounts manually
• Batch Checks Become Single Deposits – checks submitted in a batch are processed as a single deposit to expedite payments for improved cash flow
• Intuitive Review Screen – allows users to edit or delete individual checks in a batch
• Flexible Fields – gives users the ability to tie data to any item for easy reference
• Modern API – allows partners or banks to easily retrieve batches for downstream processes

Availability

Mobile Multi-Check Capture will be available in December 2015. For more information, or to become a beta customer, please call Mitek sales at 858.309.1704 or email [email protected].

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

Follow Mitek on LinkedIn: http://www.linkedin.com/company/mitek-systems-inc.Follow Mitek on Twitter: @miteksystemsConnect with Mitek on Facebook: http://www.facebook.com/MitekSystemsSee Mitek on YouTube: http://www.youtube.com/miteksystemsRead Mitek’s latest blog post: http://www.miteksystems.com/blog

Mitek Contact:
Ann Reichert
Senior Director of Marketing
[email protected]

Katherine Verducci
MIX Public Relations
[email protected]

Investor Contacts:
Todd Kehrli or Jim Byers
MKR Group, Inc.
[email protected]

Source: Mitek Systems, Inc.

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