eDOC partners with Mitek for Mobile Deposit® to mitigate check fraud

Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identity verification solutions, and eDOC Innovations 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.”

Michael E. Diamond, GM and SVP Payments at Mitek said: “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.”

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 20 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)]