Mitek (MITK +22.1%) has soared after announcing U.S. Bank will offer Mitek's Mobile Photo Bill...

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

Mitek (MITK +22.1%) has soared after announcing U.S. Bank will offer Mitek's Mobile Photo Bill Pay product, which allows users to make payments by taking a picture of their bill with their smartphone/tablet cameras, to its customers starting in early 2013. Mitek, which had 22% of its float shorted as of Nov. 15, has seen its shares crushed this year thanks in large part to the unraveling of its partnership with USAA.