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Mitek Systems, Inc. Message Board

nadullah62 112 posts  |  Last Activity: Jun 29, 2015 7:02 PM Member since: Aug 8, 2011
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  • Reply to

    BoA: 63% mobile customers now use MCD

    by nadullah62 Jun 29, 2015 6:56 PM
    nadullah62 nadullah62 Jun 29, 2015 7:02 PM Flag

    Google for full article. While your at it Google last weeks article BBVA Compass (Mitek partner) exhausted their MCD budget 1 year early. Looks like 3rd quart will be excellent.

  • More than six in 10 (63 percent) are using mobile check deposit. Adoption of this feature is highest among older millennials ages 25–34, as nearly three-quarters (72 percent) of the generation report using the feature. At the same time, the survey showed a notable increase in those ages 50 and older: this year, 52 percent of that group used the feature, compared to 37 percent last year.

  • Reply to

    Malauzai MCD 2.75 times a month.

    by nadullah62 Jun 26, 2015 4:45 PM
    nadullah62 nadullah62 Jun 26, 2015 7:40 PM Flag

    Just wait for it. Commercial MD is starting to roll out. These will be used by Small Businesses who will used it dozens of times a month. If $4m in quarterly reorders were were from consumers depositing 3 checks a month. How much will they get from businesses who deposit dozens a month? Google research report from Celent on MD.

  • nadullah62 nadullah62 Jun 26, 2015 4:48 PM Flag

    I like number 2.

  • By Roy Urrico June 26, 2015 • Reprints

    Once mobile banking end-users login, 80% of the time they only check their balances. That’s according to the latest Monkey Insights "little-data" report from the Austin, Texas-based Malauzai Software.

    The recap spotlighted key trends in mobile banking usage based on May 2015 data from 290-plus credit unions and banks, and covered 5.9 million logins from 325,000 active mobile banking users.

    The report also revealed the following:

    After logging into mobile banking, the typical end-user checks full transaction history (21.1%), makes an internal transfer (9.6%), looks at cleared check and deposit images (13.3%), and makes deposits through the mobile channel (8.24%).

    Mobile check deposits remain popular and are growing: A typical financial institution has 25% more active mobile “depositors” than they did a year ago, and the average value of a mobile deposit is now $501.67. End-users typically make 2.75 deposits per month

  • Reply to

    The CEO

    by bob.canterbury Jun 26, 2015 1:18 PM
    nadullah62 nadullah62 Jun 26, 2015 2:05 PM Flag

    I'm gonna wait till the fella bob buys some.

  • Reply to

    Shorts back in control?

    by mitk_long Jun 23, 2015 9:56 PM
    nadullah62 nadullah62 Jun 24, 2015 10:06 AM Flag

    Short interest report will be out this afternoon. Google Nasdaq short interest after 4pm. But it will only be as good as June 15.
    As for yesterday. Looks like someone was loading up and MMs were giving them ax many as they wanted under $4. Don't know if it was a short or big buyer. So far strong support around $3.80. We'll see how it holds.

  • Reply to

    Need a big push......

    by goldhammer44 Jun 23, 2015 9:34 AM
    nadullah62 nadullah62 Jun 23, 2015 2:48 PM Flag

    Q3 numbers must be turning out excellent. Look at that volume. Sign of accumulation. Heavy accumulation.

  • Reply to

    More Commercial Deposit rollout -- Mitek partner.

    by nadullah62 Jun 23, 2015 11:23 AM
    nadullah62 nadullah62 Jun 23, 2015 12:03 PM Flag

    D+H has 8000 banks.

  • NEW YORK, NY, Jun 23, 2015 (Marketwired via COMTEX) -- Fundtech, now a part of D+H and a market leader in global transaction banking solutions, today announces that Busey Bank, headquartered in Champaign, Illinois, has selected Fundtech as its commercial remote deposit capture (RDC) solution provider. An existing customer of Fundtech's wire transfer solution, the bank has added Fundtech's NetDeposit Business and NetDeposit Receivables to address customer demand for remote deposit capture, and to help the bank mitigate risk and better comply with regulatory demands.

    Just as important as the ability to truncate a check is the ability to ensure quality check capture, monitor deposit processing, prevent check fraud, mitigate risk in the deposit stream and meet FFIEC guidelines and regulatory requirements. Using Fundtech's NetDeposit Suite, Busey Bank will provide its corporate customers with a secure, scalable, and manageable remote deposit capture solution that includes the risk management, user and system management, deposit review and reporting tools needed to manage all aspects of deployment, centrally.

    "Busey Bank is committed to providing the best experience possible for our customers," says Jason Freeman EVP Cash Management, Busey Bank. "With Fundtech's technology and their remote deposit capture, we are able to do just that. We look forward to upgrading our current platform to a solution that's more user-friendly -- providing greater functionality for our customers."

    "Fundtech is excited to continue to expand its relationship with Busey Bank, adding RDC support," says Danne Buchanan, Executive Vice President, Merchant Services, Fundtech. "In addition enabling the bank to better service its customers, the solution will benefit the bank by providing a superior reporting platform for heightened security, and regulatory compliance."

  • Reply to

    Need a big push......

    by goldhammer44 Jun 23, 2015 9:34 AM
    nadullah62 nadullah62 Jun 23, 2015 9:56 AM Flag

    It's coming. Look at the volume.

  • Reply to

    Another bank announces closings.

    by mitk_long Jun 22, 2015 2:34 PM
    nadullah62 nadullah62 Jun 22, 2015 8:07 PM Flag


    To understand why Fifth Third Bank plans to close approximately 100 branches in the coming year, consider this: at the beginning of 2014, nearly 75 percent of all the bank’s consumer deposits were made in person at a branch. It’s now about 64 percent and dropping, as consumers more often use their mobile phones and ATM’s to deposit money.

    Deposits made via mobile rose from 7.9 percent of total consumer deposits in January last year to 13.8 percent in March this year, said Larry Magnesen, spokesman for Cincinnati-based Fifth Third.

    The remainder of consumer deposits, about 22 percent in March, was made at an ATM, Magnesen said.

    ---MCD increased from 7.9% to 13.8% over last year. That's a 75% increase!!!

  • Reply to

    ID Checker

    by boardwalk97 Jun 22, 2015 2:54 PM
    nadullah62 nadullah62 Jun 22, 2015 5:05 PM Flag

    I think analysts are waiting until the ER. Revs over $6m plus IDchecker details would raise the PT greatly.

  • Reply to

    Down 3 Pennies

    by bob.canterbury Jun 19, 2015 2:20 PM
    nadullah62 nadullah62 Jun 19, 2015 4:26 PM Flag

    Up 1 cent today and up 3 cents yesterday. That qualifies as a new streak.

    Wow. Look at all those thumbs.

  • nadullah62 nadullah62 Jun 19, 2015 12:44 PM Flag

    I'm just happy the $7.50 appeared. Maybe when we get closer to the date or after ER there might be something more serious. That's for clearing that up.

  • More Sharing Services
    Last week, Capital One released the findings of a survey, conducted during its TEXPO 2015 event, that found corporate treasurers eager to invest in robust services to help them manage their cash flow.

    “In this persistent, low-interest rate environment, companies are increasingly demanding capabilities to help them better understand and manage payments and liquidity,” said Colleen Taylor, Capital One Bank’s head of treasury management and enterprise payments, in an interview with PYMNTS following the release of the study.

    But it’s not just treasury officials that need high-tech tools to manage their operations. Just days ago, Capital One announced the launch of its new Escrow Express service, a management platform that allows escrow agents to access an online, self-service portal to manage their accounts. With enhanced security features, automated interest reporting, and a holistic view of account statements and reports, Escrow Express provides escrow agents a way to manage their accounts anywhere, and on their own time.

    Once again PYMNTS spoke with Taylor, this time to discuss how Escrow Express sets itself apart from other Escrow-as-a-Service products out there today by placing account management control back in the hands of escrow agents.

    How is Escrow Express different than other Escrow-as-a-Service solutions out there today? Which needs did you address that haven’t been addressed by others?

    CT: With Escrow Express, clients are in full control of their escrow relationship. The platform is very intuitive and user-friendly. This is where Escrow Express sets itself apart. Most industry solutions still require clients to send manual requests to their bank for fulfillment. With Escrow Express, clients won’t have to spend time searching through paperwork, visiting a branch or making a phone call to conduct their banking transactions.

    Does Escrow Express provide any security measures for companies that may be concerned about the protection of their accounts?

    CT: Escrow Express is accessed through our online portal, Intellix. Intellix provides multiple layers of the highest level of security available to help protect against unauthorized logins and fraudulent disbursements including user IDs, passcodes and either mobile soft token or hard token security.

    Intellix allows clients to tightly control who gets access to what accounts and what specific tasks a particular user can perform on the account. Additionally, Escrow Express provides activity reporting so the client supervisor can monitor user activity on the platform. The platform provides a greater degree of account control, avoids fund comingling and provides very detailed and robust reporting at both the master as well as sub-account level.

    Capital One touts Escrow Express as convenient because, among other benefits, it allows businesses to handle their own accounts without having to go into a bank. Do you see businesses leaning away from brick-and-mortar banks and demanding more robust e-banking solutions?

    We know that clients prefer a bank that offers a true multichannel experience. Online banking solutions like Escrow Express provide corporate customers the convenience of anytime-and-anywhere banking and thus alleviate the need to interact with a brick-and-mortar branch and/or send a request to the back office for escrow-related transactions. Clients save valuable time in the process which can be spent on more value added/strategic activities.

    Where do you see escrow-related technology and the Escrow-as-a-Service industry headed in the next few years?

    We believe that future innovation in escrow-related technology will happen on two dimensions. First, delivering a compelling mobile/tablet experience for escrow services, which is much more than taking the existing screens and workflow and presenting that information on a small screen. We see adoption on mobile/tablets as fundamentally transforming the way clients interact with the escrow system, resulting in a dramatically improved experience versus what is possible on the Web.

    Second is the seamless integration of escrow with other bank services. Most of today’s escrow systems lack true integration with remote deposit, check issuance, wire transfer and other B2B or B2C payment solutions. We believe that there is tremendous opportunity to seamlessly integrate these different services with the escrow platform to eliminate redundancy in data entry, reduce the possibility of error and make escrow deposits and withdrawals far more efficient and quicker.

    Topics: B2B B2B Payments Capital One escrow-as-a-service Featured In Depth What's happening now

  • nadullah62 nadullah62 Jun 18, 2015 11:41 AM Flag

    That was a sarcasm. I have a large position. Just sit back and wait. Ignore the noise.

  • nadullah62 nadullah62 Jun 18, 2015 7:17 AM Flag

    No worries Ek. I already sold my position at $3.20 when you gave a warning a few weeks ago. I lost out when it went to $4 but I feel better about myself now. I'm just here posting on a board on a stock I don't own so I have less time to cry. In the mean time lets watch this baby tear it up!!

  • nadullah62 nadullah62 Jun 17, 2015 8:59 PM Flag

    I don't know anything about trading options but $7.50 calls and puts just appeared for July 17. They only went up to $5 earlier.

  • This is from the SEC filing today.

    IDchecker revenue target for the period ending Sept 2015 is $2.3m and $5.3m next year. So they must earn more than twice next year to meet Mitek's demands.

3.670.00(0.00%)Jul 2 4:00 PMEDT