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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	2/2/2012 8:49:02 AM
	of 169

Mitek Systems Announces Suite of Mobile Imaging Solutions for Insurance Industry finance.yahoo.com Progressive(R) Insurance First to Automate Shopping & Buying Process With Mobile Photo Quoting(TM) Progressive(R) Insurance is first to market with Mitek's Mobile Photo Quoting(TM) which utilizes cameras on smartphones to automate the shopping and buying process for auto insurance. Using the Progressive mobile application available for download in the Apple App Store, the consumer simply enters their zip code and takes a picture of their driver's license, Vehicle Identification Number or existing insurance ID card. Mitek's patented mobile imaging technology automatically extracts relevant information from the documents and auto-populates the fields in Progressive's mobile quoting app. The user then confirms the information and hits submit. Moments later, they receive an auto insurance quote with the option to buy.

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