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Stock impact report

Mitek’s Mobile Deposit® Processes More Than Two Billion Checks, $1.5 Trillion in Cumulative Check Value

Mitek Systems, Inc. (MITK) 
Last mitek systems, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.miteksystems.com
Company Research Source: GlobeNewswire
SAN DIEGO and LONDON, March 08, 2018 (GLOBE NEWSWIRE) -- Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in mobile capture and identity verification software solutions, today announced that its Mobile Deposit® solution has processed more than two billion check deposits, totaling approximately $1.5 trillion in cumulative check value. “Just 18 short months after Mobile Deposit surpassed the one billion mobile check deposits milestone, we have already processed another billion checks,” said Michael Diamond, SVP and General Manager, Payments, Mitek. “More than 80 million consumers use Mobile Deposit because they love the convenience of the digital channel for check deposit, and more than 6,100 U.S. financial institutions use Mobile Deposit for billions saved in operating costs.” Since its creation, Mobile Deposit has saved banks an estimated $5 billion in operating costs. It has also saved consumers more than 830 million hours and kept an estimated 11 million tons of CO2 o Show less Read more
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