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U.S. Bank is First Major Bank in the U.S. to Launch Mobile Photo BillPay



  U.S. Bank is First Major Bank in the U.S. to Launch Mobile Photo BillPay

          Customers can set up bill payment with the snap of a photo

Business Wire

MINNEAPOLIS -- March 7, 2013

U.S. Bank is the first major bank in the United States to deliver Mobile Photo
BillPay to its customers. This feature allows customers to set up bill
payments by snapping a picture of their bills with their camera-enabled
smartphone or tablet. By eliminating the need to manually enter payment
information, it makes adding or transferring billers and paying bills a snap.

U.S. Bank announced in December 2012 that it was partnering with San
Diego-based Mitek to bring Mobile Photo Bill Pay™ to its customers. Recent
research forecasts Mobile Photo Bill Pay adoption to reach 33 percent among
adult U.S. consumers by 2018, and result in 1.4 billion bills migrating to the
mobile channel. Another study suggests that more than 1 in 5 customers would
use this feature.

“We continue to leverage the capabilities of smartphones, and use innovative
ways of making banking more convenient for our customers,” said Niti
Badarinath, senior vice president and leader of U.S. Bank’s mobile banking
channel. “U.S. Bank customers were among the first in the nation to be able to
use their mobile device to deposit checks. Now, we’ve made it really easy for
our customers to enroll and use BillPay, add billers and pay bills whenever
and wherever they choose.”

U.S. Bank is using Mitek’s patented Mobile Photo Bill Pay technology that
automatically and securely extracts relevant information from the paper bill
and populates the fields required to make a mobile payment. The consumer can
review the information and schedule the payment by clicking “Pay Now.” The new
U.S. Bank Mobile Photo BillPay feature is available to customers free of
charge within U.S. Bank’s iPhone, iPad and Android mobile banking apps.

About Mitek
Headquartered in San Diego, 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, visit www.miteksystems.com. MITK-G

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $354 billion in assets as of
Dec. 31, 2012, is the parent company of U.S. Bank, the 5th largest commercial
bank in the United States. The company operates 3,084 banking offices in 25
states and 5,065 ATMs and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at
www.usbank.com.

Contact:

U.S. Bank Public Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com
or
Nicole Garrison Sprenger, 612-303-0731
nicole.sprenger@usbank.com
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