Mitek and Ensenta Broaden Partnership to New Mobile Imaging Solutions
(GlobeNewswire Via Acquire Media NewsEdge) Partnership now includes mobile imaging solutions for account opening, account funding, bill payment and credit card balance transfersEnsenta's expertise in cloud imaging will help financial institutions get to market quickly Ensenta's EZAdmin console will enable "Straight-Through Processing" for efficiency
SAN DIEGO and REDWOOD SHORES, Calif., March 26, 2014 (GLOBE NEWSWIRE) -- Mitek (Nasdaq:MITK) (www.miteksystems.com), and Ensenta (www.ensenta.com) today announced an agreement to broaden their partnership to include new mobile imaging solutions.
Under the terms of the agreement Ensenta will sell and integrate Mobile Photo Account Opening and Funding, Mobile Photo Bill Pay, and Mobile Photo Balance Transfer solutions. The agreement includes Mitek MiSnap SDK™.
"The market demand for new mobile banking services enabled by mobile imaging is huge," said Edward Viera, founder and president of Ensenta. "We believe extending our partnership is a strategic move and that the integration of our technologies will enable our customers to acquire and retain 'mobile only' and 'mobile first' consumers as well as accelerate mobile bill payment and increase credit card portfolios."
"Ensenta has implemented Mobile Deposit® in an impressive number of financial institutions since 2011," said James B. DeBello, president and CEO of Mitek. "Their cloud approach will help customers get to market quickly with innovative mobile banking services."
Ensenta will be working closely with their partners and financial institution customers to integrate these technologies into their banking platforms.
Headquartered in San Diego, CA, Mitek (Nasdaq:MITK) is the leading innovator of mobile imaging for financial transactions. Mitek's patented mobile photo technology automatically captures images of personal and financial documents and then extracts relevant data. This enables consumers to use the Camera as a Keyboard™ to reduce friction for mobile check deposit, account opening, bill payment, insurance quoting, and many other use cases. This innovative technology is licensed by more than 1,700 organizations and used by tens of millions of consumers enabling increased customer acquisition, retention and operational efficiency. www.miteksystems.com
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Ensenta is an award winning Silicon Valley software developer creating innovative Cloud-based imaging and self-service technologies for the Financial Services Industry. Ensenta's products and services are distributed by leading: mobile banking providers; core banking processors; and ATM networks and manufacturers. The company's solutions are used by 500 financial institutions nationwide. Ensenta recently received two XCelent awards for technology and functionality by Celent, a leading financial industry research and consulting firm (Remote Deposit Capture Solutions 2013: ABCD Vendor View). For more about Ensenta, please visit us at www.ensenta.com.
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Source: Mitek Systems
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