Ensenta and Mitek Systems Join Forces for Comprehensive Mobile Deposit Solution

REDWOOD SHORES, Calif., June 15, 2011 /PRNewswire/ -- Ensenta, the leader in self-service remote deposit capture and risk management, announced today that it has joined forces with Mitek Systems, Inc. (OTC: MITK.OB), the leader in mobile-imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, to bring a wide-ranging mobile remote deposit solution to banks and credit unions.

The solution combines Ensenta's Agile Risk Management engine with Mitek's patented Mobile Deposit®, which has become the Gold Standard in enabling check deposits via camera-equipped mobile devices. Agile Risk Management enables financial institutions to mitigate risk in real time across all points of deposit capture. Granular control of risk is facilitated through 100-plus configurable risk filters, and the optimal combination of human and automated review. The application of risk-management business rules at the instant of capture brings true Day Zero risk mitigation capability to financial institutions.

"Our partnering with Mitek Systems enables us to offer our credit union and bank customers a robust mobile remote deposit capture solution with outstanding breadth and depth," said Ed Viera, chief executive officer, Ensenta.  "Mitek's pre-eminence adds an excellent mobile channel to our existing broad set of ATM, kiosk, merchant, consumer and branch capture solutions.  It also enhances our deep, risk-mitigation capability that enables financial institutions to implement enterprise risk-management strategies, including all points of deposit entry."

"The combination of best-of-breed capabilities from Ensenta and Mitek brings a unique quadruple play to the marketplace - security, scalability, accuracy and ease of use," said Mitek Systems President and CEO James B. DeBello.

About Ensenta

Ensenta provides industry-leading, self-service remote deposit capture and risk management solutions to credit unions and banks of all sizes. Ensenta's remote deposit solutions include ATM, kiosk, merchant, consumer, mobile and branch points of deposit capture.  The Ensenta difference is its ability to provide comprehensive Day Zero risk mitigation through Agile Risk Management, based on more than 100 configurable risk filters that operate in real-time across all points of deposit entry. To reduce cost to the customer and enhance speed-to-market, Ensenta makes its solutions available through Software as a Service (SaaS) delivery. www.ensenta.com

About Mitek Systems

For more than 20 years, Mitek Systems (OTC: MITK.OB) has provided financial institutions with advanced imaging and analytics software to authenticate and extract data from imaged checks and other financial documents. Mitek's patented technology has created the Gold Standard for  Mobile Check Deposit and is currently used by leading financial organizations in the United States  to process more than 10 billion items per year.

Today, Mitek is applying its patented technology and extensive expertise in image correction, optical character recognition and intelligent data extraction to mobile devices. Using Mitek Mobile Apps, smartphone users can now deposit checks, pay bills, save receipts and fax documents while on the road or sitting at a desk -- eliminating trips to the bank, Post Office and file cabinet.  Simply take a picture of the document and Mitek does the rest -- correcting image distortion, extracting relevant data, routing images to their desired location, and processing transactions through users' financial institutions.  For more information about Mitek Systems, contact the company at 858-503-7810 or visit www.miteksystems.com

SOURCE Ensenta