Mitek to Enable B2B Mobile Deposits on Ariba® Network
March 20 2017 - 07:00AM
Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in
mobile capture and identity verification software solutions, today
announced that it intends to enable B2B mobile payments on the
Ariba® Network, the world’s largest, most global
business-to-business trading platform. Leveraging its MiSnap
Multi-Check Capture™ and Mobile Deposit® applications, the company
aims to empower the more than 2.5 million businesses connected to
the Ariba Network to deposit checks anytime, anywhere using an iOS
or Android device. These capabilities will be on full display at
SAP Ariba Live, the premier business commerce conference, which
kicks off today at The Cosmopolitan of Las Vegas.
“While electronic payments continue to take hold in the business
world, checks remain a primary form of payment,” said Joseph Fox,
SVP Business Development & Strategy, SAP Ariba. “Our intention
is to bring Mitek’s mobile deposit capabilities to the Ariba
Network, which is designed to make depositing check payments easier
while driving more efficient reconciliation processes for our
customers around the world.”
“Checks continue to be the most utilized payment method for
businesses,” said Bob Meara, Senior Analyst, Banking Practice,
Celent and author of State of Remote Deposit Capture 2015:
Mobile is the New Scanner. “A business-specific mobile deposit
solution allows organizations to use their preferred payment
method. Businesses will benefit through improved cash flow from
more convenient check processing, while avoiding the cost and fees
associated with check scanners.”
Mitek’s MiSnap Multi-Check Capture and Mobile Deposit provide a
simple, fast and engaging experience for business users to deposit
one or more checks from their mobile device.
“Our patented technology takes the friction out of commercial
check deposit,” said Michael Diamond, General Manager, Payment
Solutions, Mitek. “We are eager for all of the more than 2.5
million companies on the Ariba Network to have the opportunity to
experience the value that comes from a mobile check deposit
solution that is optimized for
business.” About SAP
AribaSAP Ariba is how companies connect to get business
done. On the Ariba Network, buyers and suppliers from more than two
million companies and 190 countries discover new opportunities,
collaborate on transactions and grow their relationships. Buyers
can manage the entire purchasing process, while controlling
spending, finding new sources of savings and building a healthy
supply chain. And suppliers can connect with profitable customers
and efficiently scale existing relationships – simplifying sales
cycles and improving cash control along the way. The result is a
dynamic, digital marketplace, where more than $1 trillion in
commerce gets done every year. To learn more about SAP Ariba,
visit www.ariba.com.
About MitekMitek (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 5,500 organizations and used by tens of
millions of 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
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