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Friday, April 13, 2012
(Mitek Systems)
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SAN DIEGO - April 12, 2012 - Mitek Systems, a leading mobile imaging software solutions provider today filed a lawsuit against USAA in the United States District Court for the District of Delaware. Mitek alleges that USAA infringes five Mitek patents relating to image capture on mobile devices, that USAA breached the parties’ license agreement by using Mitek products beyond the scope of the agreed-upon license terms, and that USAA breached the parties’ license agreement by disclosing confidential pricing and other confidential information for a Mitek legacy product installation in a lawsuit filed in Texas. Mitek’s patents are related to its market-leading Mobile Deposit® product – a product Mitek pioneered in 2008. Mitek seeks monetary damages, injunctive relief, and a finding that USAA willfully infringed Mitek’s patents.
About Mitek Systems
Headquartered in San Diego, Calif., Mitek Systems (NASDAQ: MITK) is a mobile imaging software solutions provider that allows users to remotely deposit checks, pay their bills, get insurance quotes, and transfer credit card balances by snapping a picture with their cameraequipped smartphones and tablets instead of using the device keyboard. Mitek’s technology increases convenience for the consumer by eliminating the need to go to the bank branch or automated teller machine, and dramatically reduces processing and customer acquisition costs while increasing customer retention. With a strong patent portfolio, Mitek is positioned as the leading innovator in mobile imaging software and currently provides its solutions to Fortune 500 financial services companies. For more information about Mitek Systems, please visit www.miteksystems.com.
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