RDM Corporation and MShift Partner to Bring Remote Deposit Capture Capability to Mobile Banking
Share:
Toronto Stock Exchange Symbol: RC - WATERLOO, ON, Nov. 9 - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, announced today that it has partnered with MShift, a leading provider of mobile banking solutions for financial institutions, and that MShift has successfully integrated the ITMS Remote Deposit Capture (RDC) product into MShift's downloadable mobile banking applications for the iPhone and Android platforms. The applications enable consumers to deposit a check whenever or wherever they receive it without having to wait till they can stop by a bank branch or ATM.
"RDM and MShift are both pioneers in our respective fields of remote deposit capture solutions and mobile banking," said Douglas Newman, President and CEO of RDM. "MShift was able to use our Integration Tools and Services to quickly and easily integrate RDM's RDC capability into MShift's mobile banking platform. Financial Institutions using MShift technology for their downloadable mobile banking deployments will now be able to quickly add consumer check deposit as a powerful new functionality of mobile banking. We are very excited to be working closely with a market leader like MShift."
Scott Moeller, CEO of MShift states, "We are witnessing the rapid and natural expansion of mobile banking for consumers from the core banking services, like account balances and transfers, to the enablement of mobile access of other important financial services - such as credit/debit card services, P2P payments, check deposit, bill pay, and more. With mobile check deposit funtionality, RDM and MShift now enable a key feature of ATM's, the ability of a customer to put their money into the bank, to be possible via the technology they carry in the palm of their hands. MShift's patented technology provides the expansion of these capabilities to financial institutions easily and inexpensively. We are thrilled to embark on an industry changing partnership with RDM to enable financial institutions to provide mobile deposit to their customers. Both RDM and MShift recognize that mobile remote deposit will continue to grow and will be as important and as ubiquitous as ATM's for banking customers."
RDM's Mobile and Online RDC Processor is integrated with RDM's ITMS suite of RDC products, enabling it to take advantage of the scalability, security and functionality of a proven RDC platform. Integrating RDM's RDC capability with a mobile banking application like MShift enables individuals to deposit checks with their SmartPhones.
MShift's Innovative and patented technology paired with more than a decade of mobile banking experience positions MShift as one of the leading providers of mobile banking solutions in the industry. MShift technology enables mobile banking through multiple delivery channels, the mobile web, downloadable applications for the iPhone and Android platforms, as well as text/SMS banking. Carrier, network, and device independent, MShift enables banks to deploy a robust, secure and user-friendly mobile banking platform quickly and cost effectively.
About MShift
MShift, Inc., a privately held corporation, is both a pioneer and the leading provider of mobile platform technology and services for the Banking industry. Deploying its first customer in 2001, MShift technology now powers more than 200 North American Mobile Banking applications including two of the top 10 banks and more than half of the top 50 credit unions in the United States which have deployed mobile banking for their members. MShift solutions allow financial institutions to offer their customers a full range of mobile financial services via the Mobile Web, SMS banking, and downloadable applications for iPhone and Android platforms. Proven security, rapid deployment and competitive pricing are among the reasons Financial Institutions have made MShift the industry standard for Mobile Banking. For more information, contact www.MShift.com
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 more information, visit RDM's website at www.RDMCorp.com
SOURCE RDM Corporation
Contact
Michael Murphy
Vice President of Marketing & Product Management
RDM Corporation
(703) 451-2656 Phone
(519) 746-3317 Fax
mmurphy@rdmcorp.com
James Merwin
CFO & Vice President of Corporate Development
RDM Corporation
(519) 746-8483 x284 Phone
(519) 746-3317 Fax
jmerwin@rdmcorp.com
