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Mobile Deposit Application for the Apple iPhone

10/13/2008
Innovation

 

Mitek Systems, leader in image analytics and pattern recognition solutions used by financial institutions, has developed a version of its ImageNet Mobile Deposit for the Apple new iPhone. ImageNet Mobile Deposit is the first mobile banking software that allows banks to accept paper check deposits from merchants and mobile professionals via camera-equipped mobile phones. The Mobile Deposit iPhone application is available to financial institutions or mobile banking software vendors, who can quickly add the application to their existing mobile banking offering. Iphone users are now able to benefit from the convenience to deposit checks right from their phone. To make a deposit, a user must open the application, type the deposit amount, and snap a photo of the front and back of the check.
Perspective
The Mobile Deposit is a real professional tool as it enables holders to deposit checks and pay bills anywhere, anytime with a 2 mega pixel camera in a very simple way. It can make mobile banking platforms a revenue generator in addition to a customer acquisition tool as mobile professionals and commercial banking customer are willing to pay for expedited deposits while on the road. Introducing ImageNet Mobile Deposit, the first mobile banking software that extends mobile payments and check deposit capabilities to millions of customers who use camera phones. ImageNet Mobile Deposit enables banks and carriers to deliver valuable financial services to their existing customers and compete for new customers beyond their branch footprint.
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