QualityStocks would like to highlight Mitek Systems Inc. (OTCBB: MITK). Mitek Systems is an innovator of image analytics and mobile imaging technologies used to capture and process data on checks, forms and documents. Used by financial institutions, life science companies, and government agencies the Company's products represent the most comprehensive suite of intelligent character recognition software used to test, clean, read and authenticate imaged documents and objects, and its software is used to process more than nine billion transactions per year.
In the company’s news yesterday,
Mitek Systems Inc. announced it will exhibit the capabilities of its ImageNet Mobile Deposit in collaboration with the mFoundry mobile banking application on an iPhone at BAI TransPay.
The ImageNet Mobile Deposit allows bank customers to deposit checks from their camera-equipped mobile phone, directly into their banking accounts. This offers the ultimate level of convenience for bank customers, as well as easy access to their funds. The mFoundry mobile banking platform allows for quick account information such as transfers, bill payments and branch or ATM locations, all from the customer’s mobile phone.
“Offering ImageNet Mobile Deposit with mFoundry’s mobile banking application demonstrates the power and convenience of the next generation of mobile banking and payments,” James DeBello, president and CEO of Mitek stated in the press release. “It provides another compelling reason for customers to adopt mobile banking as their preferred way to interact with their financial institution.”
The technology works like this: logging into a mobile banking application session through mFoundry, the user keys in the amount of the desired deposit, and uses their camera phone to take a picture of the front and back of the check. The images are conformed to the appropriate Check 12 standards, and are then transmitted through the phone to the bank. Mitek’s intelligent character recognition software tests, cleans, reads and authenticates imaged documents, ensuring a quick and easy transfer.
Mitek currently processes more than 9 billion transactions each year for life science companies, financial institutions, government agencies and more. The company will showcase its technology at the San Diego Convention Center, Booth #328, February 23-25, 2009.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
