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Mitek Awarded New Patent for Innovative ID Document Classification Technology

SAN DIEGO, Aug. 10, 2016 (GLOBE NEWSWIRE) -- Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in mobile capture and identity verification software solutions, today announced that it has been issued U.S. Patent No. 9,373,030 by the U.S. Patent and Trademark Office for advanced mobile ID document classification technology. Mitek now has 27 patents issued.

Mitek Labs continues to invent new scientific algorithms to optimize its mobile identity verification solutions. The new patent protects Mitek’s ID document classification technology which is the ability to accurately classify the document type. This capability is an integral component of the company’s Mobile Verify™ solution, which can verify the authenticity of more than 3,500 different global ID documents.

“The unique method for classifying ID documents described in this patent is an essential piece of Mitek’s Core Flow™ process,” said Stephen Ritter, Chief Technology Officer, Mitek. “Core Flow provides the document classification, extraction and authentication capabilities powering all of our mobile solutions.”

“Our continued commitment to innovation is another reason why companies from around the world trust Mitek to help them safely and securely acquire new customers and conduct business through the mobile channel,” said James DeBello, Chairman and CEO of Mitek.

About Mitek
Mitek (NASDAQ:MITK) is a global leader in mobile capture and identity verification software solutions. Mitek’s ID document verification allows an enterprise to verify a user’s identity during a mobile transaction, enabling financial institutions, payments companies and other businesses operating in highly regulated markets to transact business safely while increasing revenue from the mobile channel. Mitek also reduces the friction in the mobile users’ experience with advanced data prefill. These innovative mobile solutions are embedded into the apps of more than 5,000 organizations and used by more than 70 million consumers for mobile check deposit, new account opening, insurance quoting, and more. For more information, visit www.miteksystems.com. (MITK-F)

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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

Source:Mitek Systems, Inc.