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Technology Stocks : Mitek Systems (MITK)

MITK 9.230

-0.1%

Oct 31 9:30 AM EST

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From: JakeStraw	2/2/2016 8:09:59 AM
	of 169

Mitek Signs Fortune 500 Retail Credit Provider for Mobile Fill™ to Improve In-Store Enrollment Process finance.yahoo.com Mobile Fill speeds the credit card application process by enabling the store employees to take a photo of a driver license or ID card with a tablet to quickly capture and pre-fill the personal information into the application form. This eliminates the need for a customer to fill out lengthy paper application forms. It also significantly improves data accuracy which positively impacts credit card application approval rates. “Mobile Fill means shorter lines at checkout because applying for a store branded credit card is fast and easy. The customer can continue shopping and the store employee can serve the next customer,” said James B. DeBello, president and CEO, Mitek. “We expect Mobile Fill to be adopted broadly by retail credit card providers as tablets provide them the portability required to take applications in the store and beyond. We also see a tremendous upsell opportunity for our new Mobile Verify product for ID document verification. This is the next logical step in preventing credit card fraud,” added DeBello.

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