Mitek Systems (News - Alert), Inc, an innovator of image analytics and mobile imaging software, today announced the development of a version of its ImageNet Mobile Deposit application for the Apple iPhone (News - Alert). A first of its kind, ImageNet Mobile Deposit allow banks to accept paper check deposits from merchants and mobile professionals via camera-equipped mobile phones.

 

The Mobile Deposit iPhone application is available to financial institutions or mobile banking software vendors looking to add Remote Deposit Capture (RDC) to their mobile banking platform. Mobile Deposit for iPhone can make mobile banking platforms a revenue generator in addition to a customer acquisition tool as mobile professionals and commercial banking customers are willing to pay for expedited deposits while on the road.

 

"iPhone users are a very tech-savvy group who understand the value of mobile banking and will benefit from the convenience to deposit checks right from their phone," said James DeBello, president and CEO, Mitek Systems. "Mitek has created a seamless iPhone application that financial institution or banking software vendors can quickly add to their existing mobile banking offering."

 

Mitek Mobile Deposit for the iPhone utilizes iPhone's interface and graphic touch display, simplifying mobile check deposit for mobile banking uses.

 

To use this application, iPhone users need to download ImageNet Mobile Deposit to their iPhone, or they can access the application via a browser. To make a deposit, the user initiates a mobile banking session, keys in the deposit amount, and snaps a photo of the front and back of the check. Mobile Deposit's advanced image preprocessing ensures the check images meet Check 21 accepted image quality standards. Once the bank's system receives the deposit, it sends the customer a confirmation text message. The entire transaction takes less than a minute.

 

Mitek Systems is a provider of image analytics and mobile imaging technologies for financial institutions, life science companies, and government agencies. The company develops and markets intelligent character recognition software used to test, clean, read and authenticate imaged documents and objects, and its software is used to process more than nine billion transactions per year.