Mobile-imaging applications experts, Mitek Systems, Inc., announced that the company has been approved for the listing of its shares on the NASDAQ Capital Market. An industry leader, Mitek’s mobile-imaging applications use smartphone cameras for check deposits, bill payments and ACH enrollments.
Mitek’s patented flagship mobile-banking product, Mobile Deposit®, enables users to deposit checks via their smartphone by snapping photos of the paper documents with the phone’s built in camera. It is secure, accurate, and convenient, eliminating visits to bank branches and ATMs. Mobile Deposit is in the process of being deployed by six of the top 10 retail banks in the United States, and by dozens of other banks, credit unions, brokerage firms and payment facilitators.
The company expects to begin trading on the NASDAQ Market on July 14, 2011, under the ticker symbol “MITK.” Prior to the transition, Mitek’s common stock will continue to trade on the OTC Bulletin Board under the current ticker symbol “MITK.OB.”
“We are pleased to announce Mitek’s listing on the NASDAQ Capital Market,” said James B. DeBello, President and CEO of Mitek Systems. “We believe the move to NASDAQ greatly increases the visibility of our shares in the market and reflects the company’s strong growth in mobile payments.”