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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	1/29/2014 10:59:46 AM
	of 169

Mitek Announces First Mobile Photo Payments(TM) Solution for All Billers finance.yahoo.com Leading Cable, Telecom and Media company first in production Solution accelerates collection of accounts receivable for 7 common monthly bills; major credit cards, store-branded credit cards, utility bills, mobile phone bills, mortgages, vehicle loans, and student loans Available for mobile web and native apps With Mobile Photo Payments, consumers can for the first time easily make a mobile payment by taking a photo of their bill and a check or credit card using Mitek's patented smartphone or tablet intelligent imaging technology. This is a win-win for consumers and billing companies. All data is extracted from the documents so no data entry or log in is required of the customer to make a payment. For the biller, this mobile payment solution accelerates collection of accounts receivable and moves payments to the low cost mobile channel. "Any large service organization that sends paper bills to consumers can leverage a consumer experience that is already familiar to over 20 million Mitek Mobile Deposit users," said James B. DeBello, president & CEO of Mitek. "Offering an engaging mobile bill payment solution that doesn't require customers to login or do tedious data entry removes consumer friction and optimizes the mobile channel for direct payments." Mitek's Mobile Photo Payments can be delivered via mobile web or in a native iOS or Android app. It is part of a suite of mobile imaging solutions enabling financial transactions.

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