Mitek Systems, Inc. (OTC:MITK.OB.ob), the leader in mobile-imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, today announced that that it has been approved for the listing of its shares on the NASDAQ Capital Market.
The company expects to commence trading on the NASDAQ Capital Market on Thursday, July 14, 2011, under the ticker symbol "MITK." Prior to the listing change to NASDAQ, the company's common stock will continue to trade on the OTC Bulletin Board under the current ticker symbol "MITK.OB."
The company's patented flagship mobile-banking product, Mobile Deposit®, enables users to deposit checks securely and accurately simply by snapping photos of the paper documents with their camera-equipped smartphones, eliminating visits to bank branches or ATMs. Mobile Deposit has been or is in the process of being deployed by six of the top 10 retail banks in the United States, and by dozens of other banks, credit unions, brokerage firms and payment facilitators.
"We are pleased to announce Mitek's listing on the NASDAQ Capital Market," said James B. DeBello, President and CEO of Mitek Systems. "We believe the move to NASDAQ greatly increases the visibility of our shares in the market and reflects the company's strong growth in mobile payments."