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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	3/26/2014 7:49:05 AM
	of 169

Mitek and Ensenta Broaden Partnership to New Mobile Imaging Solutions finance.yahoo.com Under the terms of the agreement Ensenta will sell and integrate Mobile Photo Account Opening and Funding, Mobile Photo Bill Pay, and Mobile Photo Balance Transfer solutions. The agreement includes Mitek MiSnap SDK(TM). "The market demand for new mobile banking services enabled by mobile imaging is huge," said Edward Viera, founder and president of Ensenta. "We believe extending our partnership is a strategic move and that the integration of our technologies will enable our customers to acquire and retain 'mobile only' and 'mobile first' consumers as well as accelerate mobile bill payment and increase credit card portfolios." "Ensenta has implemented Mobile Deposit(R) in an impressive number of financial institutions since 2011," said James B. DeBello, president and CEO of Mitek. "Their cloud approach will help customers get to market quickly with innovative mobile banking services." Ensenta will be working closely with their partners and financial institution customers to integrate these technologies into their banking platforms.

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