RDC Application Suite facilitates remote payment processing.April 28, 2008 -
Offering secure, browser-based payment processing platform, Image and Transaction Management System (ITMS®) WebClient facilitates electronic deposit and settlement of payments received by paper check. This Remote Deposit Capture (RDC) product allows businesses to take advantage of Electronic Check Conversion for Point-of-Purchase, Accounts Receivable Conversion, Back Office Capture payments, as well as Check 21 and Image Exchange at point of presentment.
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Original Press release
RDM Corp
4-608 Weber St. N.
Waterloo, , N2V 1K4
Canada
RDM Corporation Releases Updated Version of ITMS®, its Remote Deposit Capture Application Suite
Most recent release further enhances RDM's position as a premier provider of Remote Deposit Capture product solutions
Toronto Stock Exchange Symbol: RC
WATERLOO, ON, April 22 -- RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, announced today the release of the fourth generation version of its Image & Transaction Management System (ITMS(R)) WebClient software product. The ITMS(R) WebClient is a secure, feature-rich, browser-based payment processing platform that can be deployed quickly and easily with little to no capital investment and no software to install. The ITMS(R) WebClient facilitates the electronic deposit and settlement of payments received by paper check. It is the ideal solution for businesses that have many points of remote or distributed collection for check payments, as well as those who have large central processing centers. ITMS(R) provides businesses and financial institutions with a complete payment platform that allows them to take advantage of the efficiencies and cost savings of Electronic Check Conversion (ECC) for Point-of-Purchase (POP), Accounts Receivable Conversion (ARC), Back Office Capture (BOC) payments, as well as Check 21 and Image Exchange at the point of presentment.
The most recent version of ITMS(R) solidifies RDM's position at the forefront of the Remote Deposit Capture Industry. In close collaboration with its customers, RDM selected a number of key enhancements for inclusion in this latest release. This release incorporates new risk management tools, improved workflow allowing for better management and administration of the system, an easier to use interface and support for a broader array of scanners including the new Epson CaptureOne(R) available through RDM.
"Financial Institutions we have spoken with are very excited about the new risk management tools", said Douglas Newman, President and Chief Executive Officer of RDM. "Now individual merchant transaction patterns can be monitored and unusual items are identified and flagged for review. This will dramatically reduce the time required to identify high risk transactions and will enable them to be managed more effectively."
About RDM Corporation
RDM Corporation is headquartered in Waterloo, Ontario and trades on the Toronto Stock Exchange under the symbol RC. RDM is a leading provider of specialized software and hardware products for electronic payment processing. RDM has pioneered electronic check conversion systems and web based image and transaction management services for banks, retailers, payment processors and government agencies as well as print quality control and image quality systems for a variety of global customers. For further information, visit RDM's website at www.rdmcorp.com.
CONTACT: Douglas Newman, President & CEO, RDM Corporation, (519) 746-8483, (519) 746-3317 fax, dnewman@rdmcorp.com; James Merwin, Chief Financial Officer, RDM Corporation, (519) 746-8483, (519) 746-3317 fax, jmerwin@rdmcorp.com
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