Advertisement

New App Enables Consumers to Capture Account Details via Camera Phone

March 7, 2011

Mitek Systems Inc. recently launched an application for mobile payments companies that enables consumers to enroll their checking accounts as a funding source for payments. The company, which has a patented process to securely and accurately detect, capture, analyze, enhance and process digital information gathered via the smart phone camera, said its Mitek Mobile ACH Enrollment solution helps consumers enroll their checking accounts as funding sources for mobile payments by snapping photos of blank checks with their smart phone cameras. "By eliminating keystrokes, our new Mobile ACH Enrollment solution reduces consumers' anxieties about enrolling their checking accounts with mobile payments providers," said Mitek President and CEO James B. DeBello. "They no longer have to worry about entering each character in the proper sequence because they can let their smart phone cameras do all that." DeBello said consumers today connect their checking accounts to mobile-payment solutions by typing in a complex set of numbers shown on their checks via their smart phone keypads. He said the numbers often confuse and frustrate consumers to the point that they either abandon their attempted mobile transactions or enter the digits incorrectly.



Advertisement


  • Android Pay Up and Running? - Aug. 27, 2015
    Android Pay Up and Running?

    While Samsung recently announced a Sept. 28 date for launch of its contactless mobile payment solution, Google has not said anything officially about its Android Pay solution.

  • Emailage Opens European Data Center - Aug. 27, 2015
    Emailage Opens European Data 

Center

    Emailage, an antifraud technology provider that evaluates risk associated with email addresses, yesterday opened a new data center in the U.K. that will enable it to service European customers more quickly and efficiently.

  • Judge Torpedoes Merchant Settlement with Amex - Aug. 6, 2015
    Judge Torpedoes Merchant Settlement with Amex

    A settlement in a class-action lawsuit between merchants and American Express was scuttled this week by a federal judge in New York City after an attorney working on the case improperly shared information with another attorney representing MasterCard in a similar suit.

Advertisement

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here