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Mitek Systems, Inc. Message Board

  • jorlev1164 jorlev1164 Aug 9, 2013 9:29 AM Flag

    BECU: 3X the Expected Transations - 75K per Month. Extrapolating the Numbers.

    BECU is an $11.4B bank.
    They do 75K transactions per month or 900K a year based on current volume.
    At $.08 per transaction that would be (900K X .08) $72K per year from BECU.

    We currently have banks with asset totals of $9.765 TRILLION
    That's 857 X the size of BECU.

    Therefore, if we extrapolate $72K per year for BECU, that would be
    $61.7 MILLION IN REVENUE FOR MITEK.

    Usage may vary from bank to bank but once folks are using as much as BECU is
    There is potential for $61.7 MILLION annually for MITEK from MD ALONE.

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