analytics and mobile imaging software and J&B Software, Inc., a premier provider of enterprise-wide transaction, document management and payment system solutions today announced that J&B Software has selected Mitek's ImageNet Mobile Deposit™ application to provide mobile Remote Deposit Capture (RDC) functionality for J&B's Remote Image Capture solution. J&B and Mitek will demonstrate the combined product during the Tenth Annual J&B Client Conference in Philadelphia from October 5th through the 7th and in booth #1407 at the Association of Financial Professionals (AFP) Annual Conference in Los Angeles.

Mitek's Mobile Deposit's Check 21 compliant solution adds mobile RDC functionality to J&B's Remote Image Capture software, allowing checks to be deposited from an end user's camera equipped mobile phone. This combined solution will provide J&B's customers with quicker availability to funds and adds an extra level of convenience by effectively converting a camera-equipped mobile phone into a handheld check reader.

"J&B selected Mitek's Mobile Deposit product to extend our reach to include RDC through the mobile phone," said Jim McShea, Executive Vice President at J&B Software. "Our combined product will be a strategic tool for financial, commercial, logistics and retail industries to help facilitate check transaction processing quickly while out in the field."

J&B's eCapture RDC solution captures document images at remote or branch locations using a variety of different capture devices that are integrated into the J&B core payment processing solution. The solution can be interfaced directly into a client's existing host financial solution, like SAP and Oracle, to provide real-time information. J&B customers have realized tremendous financial benefits due to improved float time, the elimination of many manual paper-handling operations and the associated infrastructure expenses that are inherent in this process.

The addition of Mobile Deposit will potentially bring instantaneous capture capabilities to the 30 million people in the United States who have cameras on their cell phones. For example, one key benefit will be that financial advisors and brokers that may be required to deposit funds same day, will now have the ability to do so without having to make a trip to the bank.

"As a leader in payment software with over 160 customers J&B is an excellent partner to help bring the power of Mobile Deposit to thousands of customers in different industries and potentially millions of mobile phone users who can benefit from mobile Remote Deposit Capture," said Jim DeBello, president and CEO, Mitek Systems. "This combined offering provides the best in payment software for mobile professionals on the road."

Mitek Systems ImageNet Mobile Deposit is the first mobile banking software that allows banks to accept paper check deposits from merchants and mobile professionals via camera-equipped mobile phones. Mobile Deposit is easily downloaded and accessed from most browser-based mobile phones equipped with a two-megapixel camera including the Apple iPhone™ and BlackBerry Bold™. Mobile Deposit is available to financial institutions or mobile banking software vendors looking to add RDC to their mobile banking platform.

About Mitek Systems, Inc.

Mitek Systems is an innovator of image analytics and mobile imaging technologies used by financial institutions, life science companies, and government agencies. The company develops and markets the most comprehensive suite of intelligent character recognition software used to test, clean, read and authenticate imaged documents and objects, and its software is used to process more than nine billion transactions per year.

About J&B Software

J&B Software provides payment processing, imaging, document management and capture solutions to businesses worldwide. The Company works with over 160 industry leading organizations including regional and money center banks, insurance companies, mutual funds, credit card processors, brokerage, telecom, utilities, government, non-profit and commercial organizations.

J&B Software is a wholly owned subsidiary of 3i Infotech, LTD., a global information technology company.


Information Source:    PRNewswire-FirstCall