Mitek Systems was featured today in The San Diego Union-Tribune's SignOnSanDiego.com in an article on mobile banking titled, "Apps let people save time and bypass the bank." In the story, Tamara Chuang explains how the Mobile Deposit® service works by using Mitek's patented image recognition technology that compresses check images and sends it remotely to the bank.
"While savvy customers have relied on a home PC to minimize trips to the local branch, they still had to trudge to an ATM to deposit checks. Thanks to mobile image-recognition software from San Diego’s Mitek Systems, smartphones can snap a photo of a check and send it electronically to a bank account. Chase rolled the service to Android and iPhone users last year. Bank of America plans to do the same in 2012."
For more on the story, continue reading at SignOnSanDiego.com. For updates on Mitek Systems, please follow them on Twitter @MitekSystems.
Jim DeBello, CEO of Mitek Systems, holds a phone showing his company's Mobile Photo Bill Pay app, in which consumers can take a picture of their bill and check to pay bills with. (Photo credit: Sign On San Diego - K.C. Alfred / U-T)
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