Harland buys Mitek's item processing and document management business

Source: Harland Financial Solutions

Harland Financial Solutions, Inc., a wholly owned subsidiary of John H. Harland Company (NYSE:JH), announced today that it has acquired certain assets and exclusive distribution and licensing rights related to the CheckQuest(r) item processing and CaptureQuest(r) electronic document management solutions from Poway, California-based Mitek Systems, Inc.

The employees of Mitek Systems' electronic item processing and document management business will join Harland Financial Solutions.

Mitek Systems is a leading provider of recognition software-based fraud protection and document processing solutions to banks and other businesses, and licenses its recognition engine toolkits to major software and hardware providers in the imaging and document processing industry.

CheckQuest provides financial institutions with an affordable, high-performance, check imaging and item processing solution that enables them to take full advantage of the efficiencies offered by Check 21. CaptureQuest is an electronic document management system that allows financial institutions to file, distribute, archive, retrieve and automatically process documents and forms of all types and quantities.

As part of the agreement, Harland Financial Solutions has also licensed from Mitek Systems the QuickStrokes(r) family of recognition toolkits and the QuickFX(r) Pro form identification toolkit for use with CheckQuest, CaptureQuest and a variety of other applications.

"Our clients are looking for item processing and electronic document management solutions that enable them to realize the front and back-office efficiencies made possible by Check 21," said John O'Malley, president of Harland Financial Solutions. "Existing users of CheckQuest and CaptureQuest are well positioned to realize these efficiencies. Now, our thousands of bank and credit union clients will have the opportunity to use these products, delivered as either an in-house or service bureau offering," added O'Malley.

"This sale of assets permits us to focus all of our efforts on continuing to develop, deliver and support our core recognition software toolkits and fraud prevention technologies," said James DeBello, president and chief executive officer of Mitek Systems. "We are very pleased that our CheckQuest and CaptureQuest clients, along with the talented employees that support them, are now part of Harland Financial Solutions, an acknowledged market leader in the financial technology space."

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