Mitek Systems Inc., a mobile imaging software solutions provider, today announced that approximately $10 billion in mobile deposits have been enabled by its mobile imaging technology. The company also said that its transaction volume increased more than 143 percent during the six-month period ending December 2011.

Mitek's mobile remote deposit capture solution, Mobile Deposit, enables consumers and businesses to make deposits by taking a photo of a check with a camera-enabled smart phone or tablet.

The company's patented imaging technology addresses a number of RDC challenges by automatically correcting problems such as wrinkled, skewed or distorted checks and poor lighting conditions in photos.

"Hitting the $10 billion deposit milestone is an exciting proof point in the value and growth of Mobile Deposit, particularly given that just a few short years ago some were questioning if this technology would take off," said Mitek Systems president and CEO, James DeBello.

"We now have agreements signed with 333 financial institutions through our partners, including eight of the top eight U.S. banks ranked by asset size, who are using Mobile Deposit as a cornerstone of their mobile strategy."

The Mitek release cited another recent press release by ING DIRECT that called remote deposit capture "the next innovative trend" in direct banking. A survey commissioned by ING found that nearly one-third of consumers who had not used remote deposit said that they would do so if the technology was made available to them.

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