Using Miteks Mobile Photo Bill Pay technology, bank and credit union customers can make payments from their camera-enabled smartphones or tablets by snapping a picture of bills. After a customer takes a picture of a bill, the technology automatically extracts relevant information from the paper bill and auto-populates the fields required to make a mobile payment. The consumer then schedules the payment and clicks ‘pay’. Consumers can add a new payee to their online bill pay, pay one-time or non-recurring bills and set up recurring bills and payments.
In recent news, US Bank, a division of US financial services provider Bancorp, has entered an agreement with Mitek Systems to provide Mitek’s Mobile Photo Bill Pay product to US Bank customers.
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