Mitek Launches Mobile Deposit Application for Apple iPhone

The Mobile Deposit iPhone application is available to financial institutions or mobile banking software vendors looking to add Remote Deposit Capture (RDC) to their mobile banking platform. Mobile Deposit for iPhone can make mobile banking platforms a revenue generator in addition to a customer acquisition tool as mobile professionals and commercial banking customers are willing to pay for expedited deposits while on the road.

"iPhone users are a very tech-savvy group who understand the value of mobile banking and will benefit from the convenience to deposit checks right from their phone," said James DeBello, president and CEO, Mitek Systems. "Mitek has created a seamless iPhone application that financial institution or banking software vendors can quickly add to their existing mobile banking offering."

Mitek Mobile Deposit for the iPhone fully utilizes iPhone's unique interface and rich graphic touch display to make mobile check deposit a simple convenient feature of mobile banking needs. Mitek has joined the iPhone Developer Program to help ensure a seamless application integration for financial institutions and mobile banking platforms.

Using the application is simple. iPhone users download ImageNet Mobile Deposit to their iPhone, or can access the application via a browser. To make a deposit, the user initiates a mobile banking session, keys in the deposit amount, and snaps a photo of the front and back of the check. Mobile Deposit's advanced image preprocessing ensures the check images meet Check 21 accepted image quality standards. Once the bank's system receives the deposit, it sends the customer a confirmation text message. The entire transaction takes less than a minute.