MITK Selected by Top5 Prepaid Card Issuer

Mitek’s Mobile Verify Selected by Top Five Prepaid Card Issuer

Mitek (MITK) (, a global leader in mobile capture and identity verification software solutions, today announced that a top five prepaid card issuer in the United States has selected Mobile Verify to validate the identity of its customers who have been blocked from accessing their accounts because fraudulent activity is suspected. Mitek’s Mobile Verify will allow this prepaid card issuer to enable legitimate customers to quickly identify themselves so they can regain access to their account while reducing the risk of account takeover fraud. (…)

Some positive, albeit unquantifiable from an investor’s POV, news for Mitek. Not sure if it will be enough to coax Mr. Market to recover some of yesterday’s dip, but good stuff nonetheless.