Leading Credit Union Picks Mitek's Mobile Deposit® for RDC

Mountain America Credit Union Partners with Bluepoint Solutions in Offering Capability That Relies on Patented Mitek Technology

Oct 21, 2010, 07:50 ET from Mitek Systems, Inc.

SAN DIEGO, Oct. 21 /PRNewswire/ -- Mitek Systems, Inc. (OTC Bulletin Board: MITK) (www.miteksystems.com) today hailed Mountain America Credit Union's partnership with Bluepoint Solutions in launching a mobile remote deposit capture service as important validation of Mitek's industry leadership in mobile RDC by smartphone users.

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Mountain America Credit Union announced at the BAI Retail Delivery Conference & Expo in Las Vegas that it will offer Bluepoint Solutions' QwikDeposit ToGo capability to its more than 30,000 smartphone-using customers.  Bluepoint Solutions is among the leading technology solutions and applications services providers that have integrated Mitek's patented Mobile Deposit® technology into their mobile RDC solutions for banks, credit unions and other organizations.

Mountain America Credit Union serves more than 343,000 members in Utah, Nevada, Arizona and New Mexico.

"Mountain America Credit Union is a significant thought leader among credit unions," said Mitek CEO James DeBello.  "Our Mobile Deposit is fast becoming the 'Intel Inside®' in mobile RDC, so we see the choice of QwikDeposit ToGo from our partner Bluepoint Solutions as another strong vote of confidence in our mobile-imaging platform."

Hal Tilbury, CEO and Founder of Bluepoint Solutions, said: "Mountain America has historically been a leader in new technologies that offer better service to their members.  Bluepoint's QwikDeposit ToGo, powered by Mitek, is a game changer that puts Mountain America on a level playing field with much larger institutions.  We see an immediate opportunity for other credit unions to capitalize on this technology to expand their service offerings and provide their members with the services they want."

Mitek's Mobile Deposit is a highly secure, accurate and easy-to-use application that allows users to initiate mobile-deposit sessions, key in deposit amounts and simply snap photos of both sides of the checks with their smartphone cameras.  The Mitek software captures the check images and prepares them for transmission to the financial institution's receiving RDC solution.

Mitek introduced its newest mobile application, Mobile Photo Bill Pay™ during the BAI Retail Delivery conference.  The new app exploits Mitek's core competency in image analysis, data extraction and processing to give users a new measure of convenience and security in paying their bills electronically via their smartphone cameras.

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 is currently used by all 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.


Sue Huss for Mitek Systems



SOURCE Mitek Systems, Inc.