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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.



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