Mitek Surpasses One Billion Mobile Check Deposit

They do not make a lot of money on each transaction, but it add’s up, that is what will pay the bills. The rest of the platforms are really where the growth is to come from. The mobile ID and Verify are sold internally not thru channel partners, higher margins!

Mobile Verify™

Mobile Fill™

Banks Save an Estimated $2.5 Billion in Operating Costs by Deploying Mobile Deposit

James DeBello, Mitek’s Chairman and CEO, added, “We estimate we have collectively saved consumers over 416 million hours in unnecessary trips to a branch or ATM. Moreover, we estimate that banks have saved over $2.5 billion in reduced processing costs. And, today with less than 5% of the total number of checks being deposited through a mobile device we are just getting started.”…