Source: Mitek Systems
Mitek Systems, Inc. (OTC Bulletin Board: MITK) today announced that the Company received a final payment of $1.0 million from Harland Financial Solutions, Inc., a subsidiary of John H. Harland Company (NYSE: JH) related to the sale last July of Mitek's CheckQuest product to Harland.
A recent arbitration ruling on Mitek's dispute with BSM Inc. over the use of Mitek's products and intellectual property allowed the Company to complete the assignment of CheckQuest software rights to Harland and collect this final payment.