The pioneer of mobile bank deposit software, Mitek (Nasdaq: MITK), has closed a deal for IDchecker, which develops verification services.

IDchecker provides identity, document verification and facial recognition through cloud-based software.

Mitek says the deal solidifies its position as a leader in the mobile-capture market. The San Diego-based company created mobile deposit software that is used by more than 3,700 banks, brokerages and insurance companies.

“Consumer preference for shopping and opening accounts via a mobile device is growing and organizations around the world are seeking to optimize the mobile channel to capture these potential customers,” says James DeBello, CEO of Mitek. 

Mobile technology is a driving force behind deals in numerous sectors, including video games, where Starbreeze just made three acquisitions, and retail, where Anchor Equity Partners and KKR picked up a stake in ticketing company Ticket Monster Inc. 

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.