Mitek Lab Adds Innovative New Features to Mobile Deposit(R)

Mitek Lab Adds Innovative New Features to Mobile Deposit(R)

Endorsement Analytics, Device and Deposit Business Intelligence, and Mitek
MiSnap(TM) Increase Usability for Consumers and Financial Institutions

SAN DIEGO and ORLANDO, Fla., Sept. 26, 2013 (GLOBE NEWSWIRE) -- Mitek
(Nasdaq:MITK) (www.miteksystems.com), the company that created the category of
mobile imaging for financial transactions, today announced at the RDC Summit
it has added innovative new features to its market leading Mobile Deposit
solution. More than 1,000 financial institutions including all of the top 10
retail banks in the US have now licensed Mitek's Mobile Deposit. The new
features created in the Mitek Lab include:

  *Endorsement analytics
  *Device and deposit business intelligence
  *Mitek MiSnap™, the automatic, touch-free image capture technology

"Mobile Deposit adoption has exploded because it is a win/win for financial
institutions and their customers. Financial institutions have lower check
processing costs and customers have the freedom to deposit checks anytime,
anywhere," said Mitek's Chief Marketing Officer, Scott Carter. "With these new
features, Mitek's Mobile Deposit will continue to be unrivaled in the
marketplace."

These innovative new Mobile Deposit features increase usability for consumers
and financial institutions:

  *Endorsement analytics enable financial institutions to increase deposit
    limits by enabling them to better isolate and manage risk. Mobile Deposit
    now includes a suite of endorsement related analytics and scores.
    Endorsement confidence levels and score thresholds are configurable by the
    institution.
    
  *Powerful business intelligence for insight and tuning: The new version of
    Mobile Deposit offers device and deposit business intelligence. Financial
    Institutions can now gather additional insight about device model,
    operating system, camera, performance, completion data, and image quality.
    It also includes a more robust internal logging system which increases the
    ability to investigate individual check processing exceptions. With this
    new insight financial institutions can optimize app performance.
    
  *Automatic image capture for an even better user experience: Mitek MiSnap™
    SDK is a new patent-pending touch-free capture technology which automates
    the image capture process – eliminating user-error and decreasing
    transaction processing time. This new intuitive and fun image capture
    technology provides consumers with real-time feedback during the capture
    process. It determines when all the conditions are optimal and then
    automatically captures the image. The new user experience will increase
    the success of first time users, drive faster adoption and ultimately
    increase usage of Mobile Deposit.

The new features of Mobile Deposit are currently available. The solution is
available on-premise or in a secure hosting environment for rapid deployment
from Mitek's partners.

Mitek's Mobile Deposit is part of a suite of banking solutions that include:
Mobile Photo Bill Pay®, Mobile Photo Account Opening™ and Mobile Photo Balance
Transfer™.

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

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

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