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Mitek Systems, Inc. Message Board

  • goldhammer44 goldhammer44 Aug 8, 2013 7:13 AM Flag

    BBVA Compass

    HOUSTON, Aug. 7, 2013 /PRNewswire/ -- BBVA Compass enhanced its mobile banking capabilities by adding the Pay People with Popmoney service to its iPhone and Android apps, allowing customers to send money to anyone in the U.S. using just the recipient's email address or mobile phone number.
    Previously available only through the online banking service, Pay People allows BBVA Compass customers to send money to friends, family and others using their mobile phones. Recipients are then notified — via email or text message — that they have been sent money and can deposit the payment directly into their accounts through their banks' Popmoney service or via a secure, easy-to-use website.
    "Adding the Pay People service makes our mobile banking apps more useful for our customers," said Alex Carriles, director of self-service channels at BBVA Compass. "For example, if a customer wants to pay back a friend for picking up the tab at lunch, they can now settle up using Pay People before ever leaving the restaurant."
    BBVA Compass' latest mobile banking upgrade also adds Mobile Deposit to its new e-Business Checking account, launched last week as part of the bank's efforts to serve micro-businesses. The app update allows micro-business owners to make deposits into their accounts by endorsing and snapping pictures of checks.
    In addition, the bank's Android app now includes Picture Bill Pay, which allows customers to pay bills and add payees by taking pictures of paper bills. The feature was previously available only on the iPhone app.
    "We're proud to say that we now offer one of the most feature-rich mobile banking offerings in the nation on our iPhone and Android apps, and one of the most extensive," Carriles said. He added that there are also apps for BlackBerry®, Kindle Fire™, iPad® and Windows Phone™.

    Mobile Deposit is a registered trademark of Mitek Systems, Inc.

    Sentiment: Strong Buy

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    • Nice expansion of service with e-business acct, iPhone availability and Picture Pay.
      Since Mitek never states it's pricing model for Allied / Malauzai Picture Pay we really should be listening to their CCs to see if they mention anything about how much they are making per transaction with this.

      • 1 Reply to jorlev1164
      • Mobile Deposit Access Is Sparked by Demand at BECU
        Seattle Credit Union Says Adoption Rate Three Times What Expected

        Many credit union members around the country have been enjoying the ease of mobile banking for the past year or so, but until recently, some entrepreneurs still had to schlep to the branch to make a deposit.

        For small business owners who use the $11.4 billion BECU in Tukwila, Wash., for their transactions, the gas and time traveling to branches may become a thing of the past as mobile deposit potentially shifts to becoming their favorite app.

        BECU said it began rolling out mobile deposit in November 2012, which is powered by Mitek, a San Diego-based mobile commerce firm. The credit union expected on average, approximately $5,000 in deposits per month for the first few months. But immediately after deployment, BECU began averaging roughly 75,000 transactions per month for approximately $53 million.

        Sentiment: Strong Buy

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