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

Mitek's mobile imaging technology enables consumers with a camera-equipped smartphone or tablet to simply take a picture of a bill or remittance coupon, the technology automatically extracts relevant information from the paper bill and auto-populates the fields required to make a mobile payment. The consumer then schedules the payment and clicks "pay." This unique imaging capability gives consumers a new bill payment option via a mobile device. They can quickly add a new payee to their online bill pay, pay one-time or non-recurring bills, and set up recurring bills and payments from anywhere, at any time. The ability to add a new payee with a mobile device is a key competitive advantage over existing mobile bill pay applications.

Mobile Photo Bill Pay Live Webinar Tuesday, September 18, 2012, 11:00 PT/2:00 ET

During this live web event Schmidt will explain how mobile photo bill pay can extend mobile banking offerings and streamline the bill pay and bill enrollment process, increase customer retention and offset bill pay costs by reducing paper handling and creating new opportunities for expedited bill pay revenue. Following his presentation, Diane Morgan, Director of Mobile Photo Bill Pay will demonstrate Mitek's solution. Morgan and Schmidt will also be available for a live Q&A following the presentations.

To register for the webinar visit: https://www1.gotomeeting.com/register/785603344

About Mitek Systems

Headquartered in San Diego, Calif., Mitek Systems ( MITK) is a mobile imaging software solutions provider that allows users to remotely deposit checks, pay bills, get insurance quotes, and transfer credit card balances by snapping a picture with their smartphone or tablet cameras instead of using the device keyboard. Mitek's technology increases convenience for the consumer by eliminating the need to have to go to the bank branch or automated teller machine, and dramatically reduces processing and customer acquisition costs while increasing customer retention. With a strong patent portfolio, Mitek is positioned as the leading innovator in mobile imaging software and currently provides its solutions to Fortune 500 financial services companies. For more information about Mitek Systems, please visit www.miteksystems.com .

Connect with us on Facebook: http://www.facebook.com/MitekSystems Follow us on Twitter: @miteksystems See us on YouTube: http://www.youtube.com/miteksystems Read our latest blog post: http://www.miteksystems.com/blog

CONTACT: Investor Relations:
         Julie Cunningham
         Investor Relations & Corp Comms
         ir@miteksystems.com
         
         Media Relations:
         Sarah Schulz
         Mix Public Relations
         pr@mix-pr.com

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