- An unnamed "global banking and payment technology provider" has placed a $1.4M reorder for transactions involving Mitek's (NASDAQ:MITK +2.4%) Mobile Deposit photo-based check-deposit solution.
- The deal, said to be the third reorder from the client, involves $1.2M in software license revenue and $200K in maintenance revenue. Mitek, which claims Mobile Deposit is licensed by 4,100+ banks used by 50M+ consumers, states its client "supplies Mobile Deposit to some of the country's largest banks and prepaid card providers."