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Mitek Systems Announces MitekONE™: Enterprise Deposit Platform

Stocks in this article: MITK

SAN DIEGO, Sept. 27, 2011 /PRNewswire/ -- Mitek Systems, Inc. (NASDAQ: MITK;, the leader in mobile-imaging solutions, today announced the MitekONE™: Enterprise Deposit Platform, a major advance that offers financial institutions and solution providers a highly accurate and secure single platform they can use to manage all deposits of checks, whether via smartphones, tablets, home flatbed scanners, tellers or ATMs.


MitekONE is designed to help financial institutions achieve unprecedented operational efficiencies across an organization via a single solution that addresses all back-office processing, remote deposit capture (RDC) and mobile deposits of customers' checks.

The company will be showcasing MitekONE for the first time at the RDC Summit 2011 conference this week at the Omni Orlando Champions-Gate conference center near Orlando, Fla.

MitekONE's duplicate mobile deposit detection is a fraud-management mechanism developed to dramatically improve the ability of banks and partners to detect attempted duplicate mobile or RDC deposits of checks, both within banks and across institutions.  Mitek will be offering this capability through a strategic relationship with one of the nation's leading fraud-prevention providers.  

In addition, MitekONE gives financial institutions the ability to better manage deposits by identifying types of checks so they can apply appropriate business rules for personal and business checks versus other payment types, such as money orders and cashier checks.

The enterprise-wide product addresses concerns at some financial institutions over fraudulent attempts to deposit the same check through multiple banks' mobile deposit and RDC solutions.  By identifying deposits that have already been recorded as having been imaged, the aim is to identify and take action on any attempts of multiple deposits of the same check.

"As an all-in-one multichannel, multi-bank fraud detection capability, MitekONE is clearly a breakthrough product for the financial services industry," said Mitek President and CEO James B. DeBello.  "Banks love what we have done with Mobile Deposit® and they are coming back to see how we can help them with other check-capture challenges.  

"MitekONE solves one of the last lingering concerns banks have had over adopting a mobile-imaging strategy and we're excited about that," he added.  "This and all our products stem from the thought leadership we have developed over the years in our patented mobile-imaging technology."

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