Mitek Systems, Inc.
Aug 8, 2017

Mitek's Mobile Verify® Now Has NFC Capabilities, an Additional Factor of Authentication for Billions of Global Electronic IDs

SAN DIEGO and LONDON, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in mobile capture and identity verification software solutions, today announced the addition of near-field communication (NFC) capability to its Mobile Verify® solution. By adding NFC, Mobile Verify can now read the biometric data embedded on RFID chips, delivering definitive authentication assurance simply by touching the document to the smartphone.

Almost 1 billion ePassports with embedded RFID chips have been issued to date and 3.6 billion people are expected to use RFID chip-enabled ID cards by 2021.These documents are becoming the standard for identity verification and the preferred government-issued root credential.

"Global business in the banking, payments, sharing, education and lending industries need modern methods for ensuring the identities of their users and verifying electronic ID documents," said James DeBello, Chairman and CEO, Mitek. "Mobile Verify with NFC creates a faster, easier and extremely secure digital identity verification process for billions of people around the world."

Combining NFC capability with Mobile Verify's Facial Comparison feature further enhances Mitek's leading identity solution by adding another authentication factor without adding friction for users. By comparing the user's high-resolution photograph on the identity document's chip, to the photo printed on the document and to a selfie taken by the user, organizations have definitive assurance of the user's identity in the digital channel. In addition, Mitek's Mobile Verify with NFC also checks for any alterations of the RFID chip's data to ensure no tampering or forgery has taken place.

About Mitek
Mitek (NASDAQ:MITK) is a global leader in mobile capture and identity verification software solutions. Mitek's ID document verification allows an enterprise to verify a user's identity during a mobile transaction, enabling financial institutions, payments companies and other businesses operating in highly regulated markets to transact business safely while increasing revenue from the mobile channel. Mitek also reduces the friction in the mobile users' experience with advanced data prefill. These innovative mobile solutions are embedded into the apps of more than 5,800 organizations and used by more than 80 million consumers for mobile check deposit, new account opening, insurance quoting, and more. For more information, visit www.miteksystems.com or www.miteksystems.co.uk. (MITK-F)

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Mitek Contact:

Ann Reichert

Senior Director of Marketing

pr@miteksystems.com



Katherine Verducci

MIX Public Relations

pr@mix-pr.com



Mitek Investor Contacts:

Todd Kehrli or Jim Byers

MKR Group, Inc.

mitk@mkr-group.com

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Source: Mitek Systems, Inc.

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