ProfitStars’ Remote Deposit Anywhere Remote Deposit Anywhere = Mobile Remote Deposit Using Mitek Technology ProfitStars Mobile Capture 2011 Webinar Series Mobile Remote Deposit Capture – New Technology – New Opportunities Thank you for joining! Please wait while others join the line. The Webinar will begin shortly. Telephone Information 866-237-8802 Code: 4343589031 As a courtesy to others, please place your phones on mute during the Webinar. You will receive a complimentary copy of this presentation shortly after the webinar. Agenda Mobile Capture - What we will cover today… • Market Opportunity • Integration and Delivery • System Overview – “How it Works” • Technology Used • Questions What is the market opportunity for Remote Deposit Anywhere - Mobile? Mobile Market Trends • The total number of smartphone subscribers increased 72% year-over-year, growing from 23 million subscribers in 2008 to 36 million in 2009 • Over 70% households in US have camera phones • Over 40 million are smart phones with a 2 megapixel or higher camera • More than 5 billion app downloads have occurred from the iTunes store as of June 2010 and this trend is accelerating Source: Javelin Strategy & Research, Celent and Apple, Inc. The Online Channel Rules • Online has already overtaken branches as the dominant financial services channel. • Branch transactions are down 1/3 to 1/2 in past 4 years. • 70% of personal financial transactions take place outside the branch. • Since branch operating costs are fixed, cost of in-person transactions increased 30-40%!!! “A Lifetime of Change in 24 Months??!!” Presented by Fred Brothers of eCom Advisors at NACHA Mega Meeting; 9/23/2009 Mobile Projections • Cell phones most common device used for browsing the web by 2013 • Number of browser-equipped phones to exceed 1.83B, compared to 1.78B PCs in use. (Gartner) • 3B people globally will be able to make electronic transactions via mobile or internet technology by 2014 http://www.engadget.com/2010/01/15/gartner-forecasts-phones-overtaking-pcs- as-most-common-web-brows?icid=sphere_blogsmith_inpage_engadget Smartphone Wars • Smartphone market share • BlackBerry 39% vs. iPhone 28% • Apple will surpass RIM’s market share by February 2012 • Android share is growing fastest • 64% of all mobile web browsing happens on iPhones, i.e., on 5% of all U.S. mobile phones) http://finance.yahoo.com/family-home/article/109225/why-blackberry-users-will-defect Transaction Costs by Channel Mobile is the lowest-cost banking channel to serve on a per-transaction basis. Fiserv White Paper: “How to Achieve a Compelling ROI from Mobile Financial Services” ; www.checkfree.com Mobile Banking Projections • “Mobile banking usage will grow from 10 million active users in 2009 to over 53 million active users in 2013.” – Tower Group