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Mitek Systems, Inc. (NASDAQ:MITK), a leading developer of recognition, fraud protection and document processing solutions, today announced that Alogent will integrate Mitek's check and document recognition tools with its Sierra Xpedite, Sierra Xchange, and Sierra Clearing solutions.
Alogent plans to integrate Mitek's courtesy and legal amount recognition (CAR/LAR) technology with its Sierra suite of payment transaction processing solutions to automate the reading of amounts and other information from images of checks and related documents.
"The integration of Mitek's check recognition capabilities with Sierra Xchange, Sierra Clearing and Sierra Xpedite will enhance the breadth of our offering," said Brent Johnson, product manager of Alogent. "This relationship with Mitek is an element in Alogent's strategy to constantly improve check processing automation and thus provide greater value to our customers."
"We are very pleased to have Alogent as a new OEM partner," said James DeBello, Mitek's President and CEO. "Mitek is a leading recognition provider and our solutions are proven in the financial sector. Many of our customers and partners have chosen our recognition solution because of its ability to increase accuracy in check processing applications."