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

Video Release -- Mitek 's Mobile Photo Bill Pay 2.0 Makes Paying Bills Even Faster And Easier

Stocks in this article: MITK

SAN DIEGO, June 4, 2013 (GLOBE NEWSWIRE) -- Mitek (Nasdaq:MITK) ( www.miteksystems.com ), a leading mobile imaging software solutions provider, today announced the release of Mobile Photo Bill Pay™ 2.0 which makes bill payment even faster and easier on a mobile device. The newest version of the patented solution features a ground-breaking, touch free, automatic image capture technology and a host of powerful analytic and performance features. Most importantly, the new features of Mobile Photo Bill Pay 2.0 will increase usability for both consumers and financial institutions.

A video accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=19100

New features include:

  • Automatic image capture: Making more than 1,000 calculations per second, Mitek MiSnap™ SDK is a patent-pending new technology that knows when all conditions are optimal and automatically snaps photo of bill coupon. It also provides real-time visual feedback to users in an intuitive and fun way. MiSnap is twice as accurate as manual capture because it minimizes human error, especially for first time users. This will ultimately increase consumer satisfaction and adoption.  
  • Powerful business intelligence: Mobile Photo Bill Pay 2.0 provides mobile imaging business intelligence which gives financial institutions insight into their customers' behavior. Intelligence data includes device model, OS, camera, performance and completion data, and image quality. With this information, financial institutions can better assess user behavior for improved decision making.  
  • Performance enhancements: Most credit card bill statements don't include the entire account number. The new version of Mobile Photo Bill Pay reads masked Visa® and Mastercard® account numbers for faster and more accurate payments of credit card bills. The new version also automatically reads barcodes for the United States Postal Service (USPS) which results in faster address verification.

"With this new version of Mobile Photo Bill Pay, we're making it even easier for end-users to pay bills with their smartphone camera and we're delivering powerful new business intelligence information for financial institutions to make better informed decisions about a key demographic – their mobile users," said Mitek CTO Mike Strange.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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!

Markets

DOW 17,587.41 -91.29 -0.52%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

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