Mitek to Demonstrate Mobile Photo Bill Pay(TM) at NACHA PAYMENTS 2013

Mitek to Demonstrate Mobile Photo Bill Pay(TM) at NACHA PAYMENTS 2013

Solution Increases Customer Retention, DDA Balances & Offers New Revenue
Source

SAN DIEGO, April 23, 2013 (GLOBE NEWSWIRE) -- Mitek (Nasdaq:MITK)
(www.miteksystems.com), a leading mobile imaging software solutions provider,
today announced it will demonstrate Mobile Photo Bill Pay during NACHA
Payments 2013, April 21 – 24 at the San Diego Convention Center.

Mitek will demonstrate Mobile Photo Bill Pay in a new program at the
conference called PAYMENTS 3D; that was created for leading innovators to
showcase the latest solutions for the payments industry. NACHA PAYMENTS 2013
conference attendees can see a live demonstration of Mobile Photo Bill Pay
between 10:00 a.m. and 11:00 a.m. (PDT), Tuesday, April 23 in room 11B of the
San Diego Convention Center, or they can stop by the 3D Pavilion in Exhibit
Hall B between 1:30 p.m. and 2:30 p.m. (PDT) to speak with a Mitek
representative.

Mobile Photo Bill Pay is a valuable asset to financial institutions for
increasing the number of customers using bill payment. The benefits to the
bank of having active bill pay customers is significantly higher customer
retention, increases in Demand Deposit Account (DDA) account balances and the
ability to generate revenue with expedited payment fees.

Mobile Photo Bill Pay builds on the success of Mitek's Mobile Deposit® by
enabling a bank customer or credit union member to easily and securely pay a
bill with the snap of a mobile device camera. After a customer takes a picture
of a bill, Mitek's patented mobile imaging technology automatically extracts
relevant information from the paper bill and auto-populates the fields
required to make a mobile payment. This revolutionary new way to pay bills
eliminates the need for manual data entry, a checkbook or even a computer.

To date, U.S. Bank, City Bank Texas, and First Financial Bank of Abilene,
Texas, have launched Mobile Photo Bill Pay to their customers. Like the early
movers with Mobile Deposit, the first financial institutions to offer a better
bill pay experience will gain a competitive advantage because customers will
be willing to switch banks to get this new convenience. A recent Javelin
Strategy & Research survey of U.S. mobile phone owners underscores the demand
for this innovative bill payment solution. The February 2013 report, Going
beyond Mobile Remote Deposit Capture to Bridge the Consumer Transaction Gap,
revealed that 42 percent of mobile bankers expressed a desire to use mobile
photo bill pay.

Mobile Photo Bill Pay is built on Mitek's patented enterprise-class mobile
imaging platform and process for converting personal document images taken
with a mobile device into useful data that drives high-value business
applications. Mobile Photo Bill Pay is part of Mitek's suite of banking
solutions which includes Mobile Deposit®, Mobile Photo Balance Transfer®,
Mobile Photo Enrollment™, Mobile Photo Payment™ and Mobile Photo Capture™.

Mobile Photo Bill Pay is available on premise and in a hosted, PCI compliant
environment.

About Mitek

Headquartered in San Diego, CA., Mitek (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, please visit http://www.miteksystems.com. MITK-G

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CONTACT: Mitek Contacts:
         Ann Reichert
         Director of Marketing
         pr@miteksystems.com
        
         Sarah Schulz
         MIX Public Relations
         pr@mix-pr.com