02 July 2015

Mitek says 2000 institutions signed for mobile remote deposit

02 April 2014  |  936 views  |  0 Source: Mitek

Mitek (MITK), the leading innovator in mobile imaging for financial transactions, today announced that it has hit a new milestone with over 2,000 financial institutions signed for Mobile Deposit.

According to the Federal Reserve, 18.3 billion checks are written annually in the United States.

The company estimates that 11% of US consumers have deposited a check using their mobile device. Banks are beginning to increase mobile deposit limits and expand availability.

"We're excited to see the continued adoption of Mobile Deposit. We continue to support the top 10 banks in the country, and coupled with our 100% customer retention rate, this further solidifies our leadership position in the market," said James B. DeBello, president and CEO of Mitek. "We now estimate that consumers have deposited over $150 billion which represents more than 250% growth in cumulative deposit volume."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
Global fintech investment triples - Accent...
9116 views comments | 47 tweets | 27 linkedin
Barclays takes on Apple with wearable paym...
8122 views comments | 38 tweets | 32 linkedin
Wells Fargo to usher in voice and facial b...
6258 views comments | 20 tweets | 25 linkedin
European ACHs form Sepa joint venture
5226 views comments | 22 tweets | 15 linkedin
UK payments regulator calls for 'pipes and...
4903 views comments | 25 tweets | 17 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job