Mitek higher after launching mobile bill payments solution

|About: Mitek Systems Inc. (MITK)|By:, SA News Editor

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.