This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

New CEB TowerGroup Report: Mobile Photo Bill Pay: Next Generation In Bill Payment

SAN DIEGO, Sept. 6, 2012 (GLOBE NEWSWIRE) -- Mitek Systems, Inc., (Nasdaq:MITK) ( www.miteksystems.com ), a leading mobile imaging software solutions provider, today announced the availability of a new white paper from analyst firm CEB TowerGroup, "Mobile Photo Bill Pay: The Next Generation in Bill Payment" by Research Director – Commercial Banking and Payments, Andy Schmidt. The report examines how adding mobile photo bill pay, which uses mobile imaging technology to enable consumers to add payees and pay bills using their mobile devices, can expedite customer acquisition and improve revenue opportunities for financial services institutions. Schmidt will detail his findings in an upcoming live webinar on September 18, 2012.

"We believe that mobile photo bill pay is the next killer app for mobile financial services and the new CEB TowerGroup report validates that premise," said Mitek Systems' President and CEO James DeBello. "Now that Mobile Deposit ® has become 'table stakes' for banks, they are looking for the next big mobile offering to help acquire new customers, keep their current customer base engaged and happy, and build new revenue streams. Mitek's Mobile Photo Bill Pay product delivers a unique way for consumers to enroll payees and pay bills with their camera, and for banks to lower switching costs and increase revenues."

"Extending the image capture capabilities that have been so successful with Mobile Deposit into the bill pay market is the next generation of bill payment," said CEB TowerGroup Research Director Andy Schmidt. "Our research shows that the ability to 'self-serve' is a leading drive of retention and profitability among retail banks, and offering the ability to enroll new payees and pay a bill on a mobile device extends the utility and stickiness of mobile banking while streamlining the bill payment process. This combination is a win-win for both banks and consumers."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs