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Technology Stocks : Mitek Systems (MITK)

MITK 9.230

-0.1%

Oct 31 9:30 AM EDT

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From: JakeStraw	5/5/2014 11:24:04 AM
	of 169

Mitek Enables Members 1st Federal Credit Union to Acquire New Credit Card Members and Balances finance.yahoo.com In a matter of minutes, Members 1st members will be able to accept a low interest balance transfer offer from their mobile banking app and then transfer balances from another credit issuer to a new Members 1st credit card account. This is accomplished by using a smartphone camera to snap a photo of their credit card bill coupon. The information captured will be used to transfer the remaining balance to their new Members 1st credit card account. This solution gives members a quick, simple way to lower their interest rates without cumbersome data entry on a mobile device. "Mobile Photo Balance Transfer(TM) takes the hassle out of manually entering account information on small smartphone keyboards," James B. DeBello, president and CEO at Mitek said. "Our solution uses the power of mobile imaging to support Members 1st marketing programs designed for new credit card customer acquisition using a mobile device."

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