Mitek Announces the Availability of CaptureQuest, an Integrated Data Capture and Enterprise Document Management System

New Platform Supports Financial Institution Compliance With Patriot Act

POWAY, CA, Dec. 4, 2002 -- Mitek Systems, Inc. (Nasdaq:MITK), a developer of automated document processing technology, today announced the release of CaptureQuest(TM), an integrated suite of document imaging and data capture software products that helps banks and financial institutions comply with Section 326 of the Patriot Act.

In July 2002, the Department of the Treasury and seven other federal financial regulators issued Patriot Act Regulations regarding customer identification. The Patriot Act proposes new regulations that will require financial institutions to acquire, maintain and store all collected records used to verify the identity of any person opening any type of account with a financial institution. A primary function of CaptureQuest is efficient, long-term electronic storage and retrieval of copies of a wide variety of documents, including passports, driver's licenses, birth certificates and many other forms of identification.

CaptureQuest also incorporates Mitek's industry leading document recognition to automate document archive indexing. Alternative products typically require manual data entry of index information. Other key features include:

-- Browser-based document search and retrieval for convenient intranet deployment

-- Integrated browser-based query into the CheckQuest(R) check image archive

-- Automated data capture of fields from new account creation forms for import into core accounting systems

CaptureQuest Components

The CaptureQuest system consists of five major components, with the first required as a base component:

-- Imaging -- provides support for document scanning, capture, and distribution

-- Document Management -- provides base support for indexed document imaging

-- COLD -- integrates host output reports into the image archive and retrieval system

-- Workflow -- integrates event based image routing for business process automation

-- Forms Processing -- automates document indexing and captures data from document images

Promotional Pricing

Effective immediately, promotional pricing on the CaptureQuest Forms Processing module is being offered through March 31, 2003. For more information about the CaptureQuest promotion, please contact Mitek Systems at 888/363-6767 or 858/513-4600 extension 342.

About Mitek Systems

Mitek Systems is a leading provider of check imaging software for financial institutions, and an established global supplier of embedded software recognition engines. These engines process over 8 billion checks and other documents per year for a variety of OEM and reseller partners. Mitek helps reduce operating costs by automatically reading, classifying and processing high volumes of checks and documents. Our applications also help customers implement new image document Web services for Internet and intranet configurations. For more information about Mitek Systems, contact us at 14145 Danielson Street, Suite B, Poway, CA 92064; 858/513-4600 or visit our Web site at www.miteksys.com.

Forward-Looking Statement Disclosure

With the exception of historical matters, the matters discussed in this news release are forward-looking statements that involve risks and uncertainty. Forward-looking statements include, but are not limited to, statements relating to the development and pace of sales of the Company's products, expected trends and growth in the Company's results of operations, projections concerning the Company's available cash flow and liquidity, anticipated penetration in new and existing markets for the Company's products and the size of such markets, anticipated acceptance of the Company's products by existing and new customers, the ability of the Company to sustain any growth in sales and revenue and the increase in sales representatives and other personnel. The Company's actual results could differ in such forward-looking statements. There can be no assurance that the Company will achieve the results set forth herein. Mitek, Mitek Systems, CheckQuest and CaptureQuest are trademarks or registered trademarks of Mitek Systems, Inc. All other product or company names may be trademarks or registered trademarks of their respective holders.

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      CONTACT: Mitek Systems, Inc.
               Russ Hertzberg, 858/513-4600 x328
               or
               FRB/Weber Shandwick
               James Hoyne, 310/407-6546 (Investor Contact)