Mitek Plans Driver's License Authentication, Mobile Pay Software

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

Mitek Systems (MITK) is planning on selling the mobile imaging software it already licenses to Progressive — which allows the auto insurer's customers to take pictures of their driver's license and documents — to other parties.

The San Diego, Calif. technology company is already talking to several of the top banks, says chief executive Jim DeBello. He says those banks could use the product for mobile commerce, enabling users to authenticate when initially signing up for a digital wallet.

"Progressive is a real case study, people are getting quotations within a minute," says DeBello, who is speaking this week at the The 20th Annual ATM, Debit & Prepaid Forum. "The second step for us is to look at it for identification."

The challenge comes in correctly recognizing the roughly 197 driver's license formats that are used throughout the U.S. "It would be for mobile transactions," says DeBello. "It would be at the initial enrollment, or when you are conducting a transaction."

Of course, the number of times you would need to scan your driver's license with a smartphone would be up to the issuing bank, he says.

Follow Sean Sposito (@SeanSposito) this week as he covers The 20th Annual ATM, Debit & Prepaid Forum (#PaymentsForum) from Phoenix, Ariz.

JOIN THE DISCUSSION

SEE MORE IN

'The Law Penalizes the Consumers It Set Out to Protect': Comments of the Week

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

The Most Influential Women in Payments

What does it take to lead in the still-mostly-male world of payments? This year's 20 Most Influential Women in Payments share stories about how they got to the top, their vision for the future of payments (hint: it's mainly mobile), and advice to other women working their way up the ladder.
DAILY ENEWSLETTER UPDATE

A Newsletter featuring Bank Technology News' top stories plus special reports and data

TWITTER
FACEBOOK
LINKEDIN
Already a subscriber? Log in here
Please note you must now log in with your email address and password.