Mitek signs multi-year agreement with Unisys
Mitek Systems has signed an agreement with Unisys to provide its technology to Unisys' Payment Systems Division.
Unisys has combined multiple recognition engines in its SoftCarSoftCAR+ product to improve recognition results and is including Mitek's recognition technology in this product.
The Mitek recognition engine combines CCITT Group 4 TIFF CAR (Courtesy Amount Recognition) and LAR (Legal Amount Recognition) with JPEG gray level CAR to improve performance. This result is further combined with Unisys' JPEG CAR engine to provide the highest performing recognition product in the industry.
"Mitek competed for this business by developing a product with unique capabilities for Unisys," said William Boersing, Mitek's VP of North American Sales. "This relationship represents in real potential, one of our very largest OEM agreements, and I think that people who understand check imaging know that."
"There are really only four of these players--IBM, Unisys, NCR and BancTec," said James Hoyne, with Financial Relations Board, an investor relations group working with Mitek. "Mitek is already working with IBM, but the Unisys deal is perhaps larger in its worldwide scope."