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Mitek Systems Inc. Message Board

  • jorlev1164 jorlev1164 Aug 10, 2011 6:29 PM Flag

    Takeaway from the Conference Call

    Just listened to the CC. A few things stood out for me.

    A lot of congratulations all around from the analysts. They were impressed.

    Customers want to deal with Mitek directly so that they can deploy
    Mobile Photo Bill Pay sooner or as DeBello said before the end of the year.
    If the relationship is direct, I believe more of the revenue for this product will go to Mitek as they are bypassing the channel partners.

    New clients for the MIC may be paying Mitek "in dollars or tens of dollars"
    per transaction or customer acquisition. A big leap in the revenue scale for
    this new cloud offering.

    As I posted earlier today, Cachet is developing the mobile check cashing app in conjunction with Money Tree to service 50 million unbanked consumers.

    There are additional revenues to be booked from Chase and the inference that they are near ready to deploy MPBP is affirmed.

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