Study shows that by 2018, use of mobile photo bill pay in U.S. may reach 33 percent

Mobile imaging solutions leader, Mitek Systems, has announced a new AlixPartners, LLP., research paper entitled “Consumer Market Outlook for Mobile Photo Bill Pay”, which looked into the latest payment market trends and which predicted that the use of mobile photo bill pay may reach 33 percent among American consumers by 2018. If this is the case, then it could mean that by that year, mobile payment channels would receive the migration of 1.4 billion bills. Mobile photo bill pay (MPBP) is a form of mobile banking app that is based…

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