Mitek Systems Announces Mobile Deposit Application for Apple iPhone

Application Will Provide Check Deposit Feature for Mobile Banking Platforms on iPhone SAN DIEGO, Oct. 1

SAN DIEGO, Oct. 1 (AllPayNews.com) -- Mitek Systems, Inc. (OTC
Bulletin Board: MITK) www.miteksystems.com, an innovator of image analytics
and mobile imaging software, today announced it has developed a version of its
ImageNet Mobile Deposit(TM) application for the Apple iPhone(TM). ImageNet
Mobile Deposit is the first mobile banking software that allows banks to
accept paper check deposits from merchants and mobile professionals via
camera-equipped mobile phones.

The Mobile Deposit iPhone application is available to financial
institutions or mobile banking software vendors looking to add Remote Deposit
Capture (RDC) to their mobile banking platform. Mobile Deposit for iPhone can
make mobile banking platforms a revenue generator in addition to a customer
acquisition tool as mobile professionals and commercial banking customers are
willing to pay for expedited deposits while on the road.

"iPhone users are a very tech-savvy group who understand the value of
mobile banking and will benefit from the convenience to deposit checks right
from their phone," said James DeBello, president and CEO, Mitek Systems.
"Mitek has created a seamless iPhone application that financial institution or
banking software vendors can quickly add to their existing mobile banking
offering."

Mitek Mobile Deposit for the iPhone fully utilizes iPhone's unique
interface and rich graphic touch display to make mobile check deposit a simple
convenient feature of mobile banking needs. Mitek has joined the iPhone
Developer Program to help ensure a seamless application integration for
financial institutions and mobile banking platforms.

Using ImageNet Mobile Deposit for the iPhone

Using the application is simple. iPhone users download ImageNet Mobile
Deposit to their iPhone, or can access the application via a browser. To make
a deposit, the user initiates a mobile banking session, keys in the deposit
amount, and snaps a photo of the front and back of the check. Mobile
Deposit's advanced image preprocessing ensures the check images meet Check 21
accepted image quality standards. Once the bank's system receives the deposit,
it sends the customer a confirmation text message. The entire transaction
takes less than a minute.

About Mitek Systems, Inc.

Mitek Systems (OTCBB: MITK; www.miteksystems.com) is an innovator of image
analytics and mobile imaging technologies used by financial institutions,
life science companies, and government agencies. The company develops and
markets the most comprehensive suite of intelligent character recognition
software used to test, clean, read and authenticate imaged documents and
objects, and its software is used to process more than nine billion
transactions per year. For more information about Mitek Systems, contact the
company at 858-503-7810 or visit http://www.miteksystems.com

Forward-Looking Statement Disclosure

This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and other expressions of management's belief or opinion
that reflect its current understanding or belief with respect to such matters.
Such statements include, without limitation, projections of revenue and
operating expenses. These estimates and projections and the company's business
prospects in general are subject to numerous risks and uncertainties,
including the fact that the company has a history of losses, may not be able
to achieve or maintain profitability. These and other risks are detailed from
time-to-time in the Company's SEC reports, including our most recent Form 10-
QSB and our Form 10-KSB for the fiscal year ended September, 2007. Actual
results may differ materially from those projected. These forward-looking
statements represent management's opinions and beliefs as of the date of this
news release. The Company disclaims any intent or obligation to update these
forward-looking statements to reflect events or circumstances that may arise
after the date of this release.

Contact:
Jason Magner
For Mitek Systems
310-854-8128/8151
jmagner@rogersandcowan.com

SOURCE Mitek Systems, Inc.