Market Overview

eDOC Partners with Mitek for Mobile Deposit® to Mitigate Check Fraud

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SAN DIEGO and MIDDLEBURY, Vt., Aug. 01, 2018 (GLOBE NEWSWIRE) -- Mitek (NASDAQ:MITK, www.miteksystems.com)), a global leader in mobile capture and digital identity verification solutions, and eDOC Innovations today announced that they are partnering to bring Mitek's Mobile Deposit® and its advanced risk mitigation features to eDOCMobile RDC. The enhancements to eDOCMobile RDC is in response to growing credit union demand, which over the past year has nearly tripled, for mobile deposit capabilities in their mobile banking apps.

"With the rapid growth in our RDC processing and the desire to provide our clients with the latest in check image qualification features, we partnered with the industry leader, Mitek," stated Mark Fierro, COO of eDOC Innovations. "In the coming months, we will be releasing new features that will help credit unions mitigate risk of check fraud with restrictive endorsement detection and support for Harland Clarke PhotoSafe Checks."      

"Mobile Deposit is the feature that has helped grow mobile banking into the industry it is today, and we continue to drive innovation for both financial institutions and consumers. We are pleased to partner with eDOC Innovations who has a long history of bringing powerful new technology to credit unions," said Michael E. Diamond, GM and SVP Payments at Mitek.

About eDOC Innovations, Inc.
eDOC Innovations is the nationwide leader in mobile enterprise digital transaction management and e-commerce software for credit unions. For more than 25 years eDOC Innovations has been designing solutions to reduce overhead, increase operational efficiency and provide convenience to members. eDOC Innovations' products include solutions for remote mobile and in-branch closings, mobile e-signature processing, digital asset lifecycle management, intelligent and interactive form automation, mobile remote deposit capture, electronic statements and more. To learn about our technology visit: http://edoclogic.com/products/doclogic/ or give us a call at: 800.425.7766 Option 3.

About Mitek
Mitek (NASDAQ:MITK) is a global leader in mobile capture and digital identity verification solutions built on the latest advancements in AI and machine learning. Mitek's identity verification solutions enable an enterprise to verify a user's identity during a digital transaction, which assists financial institutions, payments companies and other businesses operating in highly regulated markets in mitigating financial risk and meeting regulatory requirements while increasing revenue from digital channels. Mitek also reduces the friction in the users' experience with advanced data prefill and automation of the onboarding process. Mitek's innovative solutions are embedded into the apps of more than 6,100 organizations and used by more than 80 million consumers for mobile check deposit, new account opening and more. Learn more at www.miteksystems.com.  [(MITK-F)]

Follow Mitek on LinkedIn: https://www.linkedin.com/company/mitek-systems-inc-
Follow Mitek on Twitter: http://www.twitter.com/miteksystems
Connect with Mitek on Facebook: http://www.facebook.com/MitekSystems
See Mitek on YouTube: http://www.youtube.com/miteksystems
Read Mitek's latest blog post: http://www.miteksystems.com/blog

eDOC Contact:
Joseph Lao
Manager of Business Development
jlao@edoclogic.com
800-425-7766 x404

Mitek Contact:
Ann Reichert
Senior Director of Marketing
pr@miteksystems.com

Katherine Verducci
MIX Public Relations
pr@mix-pr.com

Mitek Investor Contacts:
Todd Kehrli or Jim Byers
MKR Group, Inc.
mitk@mkr-group.com

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