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Mitek and Allied Payment Network Expand Availability of Mobile Photo Bill Pay



Mitek and Allied Payment Network Expand Availability of Mobile Photo Bill Pay

First Financial Bank, N.A., Abilene, Texas Launches 'Picture Pay' Powered by
Mitek

SAN DIEGO, Jan. 31, 2013 (GLOBE NEWSWIRE) -- Mitek Systems (Nasdaq:MITK)
(www.miteksystems.com), a leading mobile imaging software solutions provider
and the pioneer of Mobile Deposit^® technology, and Allied Payment Network
(www.AlliedPayment.com) today announced a partnership that delivers the next
generation of mobile bill payment with Mitek's Mobile Photo Bill Pay^™.

Using Mitek's innovative Mobile Photo Bill Pay technology, bank and credit
union customers can make payments directly from their camera-enabled
smartphone or tablet by snapping a picture of any bill. This "snap to pay"
functionality is the first of its kind in the industry. Allied Payment Network
was the first bill pay processor to leverage Mitek's Mobile Photo Bill Pay
technology when they unveiled their Picture Pay^™ solution in November 2012.

"With Mitek's Mobile Photo Bill Pay, Allied Payment Network enables regional
and community banks and credit unions to offer their customers the ability to
pay their bills with the snap of a picture," said Michael E. Diamond, senior
vice president, business development for Mitek. "Our partnership with Allied
extends our reach to deliver Mobile Photo Bill Pay to financial institutions
of all sizes."

"The future of banking is here through Picture Pay, powered by Mitek's
innovative Mobile Photo Bill Pay technology," commented Allied President Ralph
Marcuccilli. "Picture Pay is available through Malauzai Software (Austin, TX,
www.malauzai.com) and a growing number of mobile banking vendors and provides
banks with a simple, easy to use bill pay tool. Giving customers the ability
to pay a bill in seconds from a mobile device is critical to attracting and
retaining the rapidly growing market of mobile customers."

Jeff Casey, Senior Vice President at First Financial Bank, N.A., Abilene,
Texas, embraces the simplicity of the technology for its customers: "Anywhere.
Anytime. Picture Pay takes away the inconvenient, time-consuming reality of
paying bills online or with a checkbook, and replaces it with a quick, easy
snap of a picture. Industry trends predict over one billion mobile banking
users in the next few years, and we see the camera as a key to mobile banking
success." 

Link to YouTube video – First Financial Bank Picture Pay Commercial
https://www.youtube.com/watch?v=oFboSpvmkpQ

Mobile Photo Bill Pay builds on the success of Mitek's Mobile Deposit product
currently used by millions of customers at the nation's leading banks. Mobile
Photo Bill Pay has the potential to spur greater bill pay market adoption and
increase customer retention. CEB TowerGroup found that mobile services are
among those that keep customers loyal to a financial institution and make
customers reluctant to switch banks.

Mitek's Mobile Photo Bill Pay solution allows a bank customer or credit union
member to easily and securely pay a bill with the snap of a smartphone or
tablet camera. After a customer takes a picture of a bill, the technology
automatically extracts relevant information from the paper bill and
auto-populates the fields required to make a mobile payment. The consumer then
schedules the payment and clicks "pay." Mitek's unique and template-free
imaging technology gives consumers a convenient new bill payment option via
their mobile device.

About Allied Payment Network 

Headquartered in Fort Wayne, IN., Allied Payment Network is a visionary and
innovative company that applies emerging bill pay technologies for the
financial industry and its customers. The company was created to make the bill
paying process easier and more convenient for the consumer, and more efficient
and cost effective for financial institutions. Allied has pioneered, in
collaboration with Malauzai Software (www.malauzai.com), a mobile banking
application company, the first mobile point, shoot, and pay bill-pay
application for smart phones. To learn more about Allied Payment, please visit
http://www.AlliedPayment.com.

Connect with us on Facebook: http://www.facebook.com/AlliedPayment

Follow us on Twitter: @AlliedPayment

See us on YouTube: http://www.youtube.com/AlliedPayment

Read more about Picture Pay: http://www.picturepay.com

About Mitek  

Headquartered in San Diego, CA., Mitek Systems (Nasdaq:MITK) is a mobile
imaging software solutions provider that allows users to remotely deposit
checks, pay their bills, get insurance quotes, and transfer credit card
balances by snapping a picture with their camera-equipped smartphones and
tablets instead of using the device keyboard. Mitek's technology increases
convenience for the consumer by eliminating the need to go to the bank branch
or automated teller machine, and dramatically reduces processing and customer
acquisition costs while increasing customer retention. With a strong patent
portfolio, Mitek is positioned as the leading innovator in mobile imaging
software and currently provides its solutions to Fortune 500 financial
services companies. For more information about Mitek Systems, please visit
http://www.miteksystems.com. MITK-G

Connect with us on Facebook: http://www.facebook.com/MitekSystems

Follow us on Twitter: @miteksystems  

See us on YouTube: http://www.youtube.com/miteksystems

Read our latest blog post: http://www.miteksystems.com/blog

CONTACT: Allied Payment Network
         Ralph E. Marcuccilli, President/CEO
         260.399.7400 Ralph@AlliedPayment.com

         Mitek
         Julie Cunningham
         Vice President, Investor Relations & Corp Comm
         ir@miteksystems.com

         Sarah Schulz
         Mix Public Relations
         pr@mix-pr.com
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