Miteks ImageNet Mobile Deposit complies with the payments industry standards for remote check deposit, and makes mobile payments and deposit capabilities available for a new range of consumers who use camera-equipped mobile phones. In addition, ImageNet Mobile Deposit supports virtually all mobile and smart phones equipped with a two-megapixel camera having the Microsoft Windows Mobile or the Symbian operating system installed. The remote deposit seems to be quite popular among commercial and retail banking customers, especially due to a main benefit it comes with: reducing the number of trips to a local banking branch. According to data provided by financial technology analyst firm Celent, the number of commercial installations of remote deposit workstations will increase from 245,000 in 2007 to 785,000 this year and more than 5 million in 2012. In addition, a recently conducted survey by MQA Research, on behalf of CheckFree, revealed that almost half of the respondents claimed they would use a mobile banking and payments application if it were offered one. Currently, mobile banking customers can check balances, pay electronic bills and transfer funds, ImageNet Mobile Deposit is the next logical component in the electronic wallet, mentions James DeBello, CEO Mitek Systems. Now banks can offer the full suite of core retail banking services anytime and anywhere, without a computer.
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