Seeking Alpha

Mitek higher after launching mobile bill payments solution

  • Mitek (MITK +1.4%) has launched Mobile Photo Payments, a solution that allows consumers to pay their monthly bills by taking a photo of the bill, along with that of check or credit card, with their smartphone cameras.
  • The solution complements Mitek's mobile photo check deposit and bank account opening products, and expands upon Mitek's existing Mobile Photo Bill Pay product.
  • Service providers can either integrate Mobile Photo Payments into their Android/iOS apps, or a mobile site. The product launch comes ahead of Mitek's February FQ1 report.
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