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EMB #1 in Electronic Check Processing

Credit card fraud may be a thing of the past thanks to Photo Safe Check Deposit. The Photo Safe Check technology incorporates security features that can only be read with mobile deposit software from Mitek Systems Inc. Mitek, a San Diego based company, holds a variety of patents for mobile imaging technologies. Mitek’s mobile imaging technology is used in over 4,500 financial institutions, has 60 million consumers, and is responsible for 90 percent of all mobile deposits.

Right now, Photo Safe Deposit security features are being integrated into consumer checks. The new checks have a special icon (a camera-lock graphic) stamped on the front. Checks with the icon are recognized by mobile devices running the Mitek software, and mobile cameras scan security features on the back of the checks. The new checks are designed to prevent endorsement forgeries. Endorsement forgery happens when a fraudster uses mobile scans of the backs of legitimately endorsed checks, and pairs them with the fronts of multiple fraudulent checks. The technology also protects against front/back mismatches when depositing many checks at the same time.

According to the consultancy Celent LLC, about one-third of adults have made mobile deposits last year. The rate of mobile deposits is expected to grow even more in the coming years. The danger of fraud perpetrated by duplicate deposits has been a growing problem for banks, especially with the popularity of remote deposit capture (RDC).

Today’s businesses must be able to process electronic checks and mobile checks. EMB is a full service payment processor that offers a variety of payment options including iCheck. iCheck is an electronic check processing tool that has tons of profit growing benefits like:

  • Guaranteed funding
  • Free online activity monitoring
  • No need for consumer notification or receipt
  • Fast electronic deposit of funds, in as little as 24 hours
  • App feature that lets users take photos of checks for payment

No check writer authorization requirement is a full service provider that offers electronic check processing for all types of merchants. The account managers of eMerchantBroker can get you the electronic check processing payment solutions that most traditional payment processors won’t have access to or will deny you.