With customers increasingly turning to mobile deposits as a primary means of depositing paper checks, they expect their financial provider to deliver an experience that is fast, error-free, and easy to use. At the same time, 6,100 financial institutions have to come to rely on Mitek to provide a Mobile Depsoit solution that utilizes up-to-date technology, helps to prevent fraudulent deposits, and provides near-real-time processing capabilities.
To support the needs of financial institutions world, Mitek has kept apprised of changes to financial regulations and we continue to enhance the Mobile Deposit application to ensure our customers are able to keep pace. This document serves to provide information about Mobile Deposit's Restrictive Endorsement functionality, which has been a part of Mobile Deposit since version 4.1, released in 2013.