Skyline's DirectFED Payment Solutions, the first business-centric processor performing Remote Deposit Capture (RDC) for businesses has teamed up with Mitek Systems Inc., an innovator of image analytics and mobile document capture applications, to offer DirectFED Mobile™ powered by Mitek. This new product offering provides a fast, secure and most-importantly easy form of depositing checks in the bank by simply taking a photo of the check with an iPhone™, BlackBerry™ or other smartphone device.
"By partnering with Mitek Systems, institutions that use Skyline's DirectFED's RDC service can now offer their customers the ability to avoid any trip to the bank by taking a snapshot of the front and back of the check," said Shai Z. Stern who serves as Co-Chairman of Skyline's DirectFED Payment Solutions as well as Co-Chairman of EDGAR filings and print publishing company Vintage Filings and corporate compliance company Vcorp Services. "This new application is ideal for the busy professional, business owner and agents on the road who need the funds to be processed as soon as possible; it is a service that many community banks and credit unions across the country are looking to offer and one that Skyline's DirectFED is proud to add to our product line up."
"As electronic banking continues to improve, depositing physical checks becomes more and more of a hassle, and remote deposit capture has become the solution," said Stern. "We are always dedicated to providing the best technology to our users and DirectFED Mobile powered by Mitek will allow all of Skyline's DirectFED's credit union customers and community banks the ability to compete with even the largest institutions by offering a simple and in-demand service to their busy customers."
DirectFED Mobile powered by Mitek is designed to be secure and simple to use; when depositing a check, the user initiates a mobile-deposit session, keys in the deposit amount and snaps a photo of the front and back of the check with their smartphone camera. Mitek's IMagePROVE™ technology then formats the image, automatically corrects any image distortions or skewing and prepares it for transmission. With Skyline's DirectFED's accuracy in RDC and Mitek's IMagePROVE™ technology that also corrects image distortions, both services go above and beyond to meet Check 21 image-quality standards.
"The alliance with Skyline's DirectFED Payment Solutions extends our expertise and 'Gold Standard' leadership in mobile deposit," said James DeBello, CEO of Mitek Systems Inc. "We will be able to bring mobile merchant capture to a broader range of industries with Skyline's DirectFED's remote deposit capture users."
Stern added, "This is another example of how a long distance relationship can work, allowing account holders to retain accounts with their financial institution without the hassle involved in making physical deposits."Mitek’s Mobile Deposit supports the payments industry standards for RDC and extends mobile deposit capabilities to users who use smartphones equippedwith a camera. It is available on the iPhone™ and selected Blackberry™ and WindowsMobile™ handsets.