RDM and Epson America Introduce CaptureOne(TM) - the Newest Innovation in Check Imaging Technology
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CHICAGO, April 16 -- RDM Corporation (TSX: RC), a leading provider of specialized software and hardware products for electronic payment processing, and Epson, a leading supplier of value-added banking solutions, announced today at the NACHA Payments 2007 Conference the Epson CaptureOne. batch check scanner - powered by RDM.
CaptureOne is the result of a joint development effort between RDM Corporation and Epson Corporation and is designed for the emerging eCheck market which includes Remote Deposit Capture (ARC, BOC, Check 21, and Image Exchange) and Branch Automation. CaptureOne offers new innovative features, and was designed with the quality and reliability found in all Epson and RDM products. CaptureOne is powered by RDM's industry leading MICR and Image technology in an all-in-one easy-to-use, compact design.
CaptureOne is a fully featured batch scanner which will be added to the suite of RDM's industry leading imaging solutions. CaptureOne comes with many standard features that are often found as options on competitive scanners such as dual pocketing, electronic endorsement, check franking, and 100 document feeder. CaptureOne is powered by RDM's patented Progressive MICR Method with OCR MICR assist which RDM believes is the most advanced, most reliable MICR algorithm in the industry. CaptureOne is backed by the proven quality that Epson is known for and is the only batch check scanner that comes with a standard two year warranty.
"With the steady growth of electronic check at corporate locations as a result of ECC and Check 21 coupled with the potential of eCheck solutions in the 110,000 financial institution branch locations in the United States, I am excited at the market opportunity the CaptureOne solution brings to RDM," said Tom Kettell, Vice President, Marketing of RDM Corporation. "With its robust standard features backed by Epson's quality and reliability and the proven performance of RDM MICR technology, CaptureOne will set new performance standards in payment document imaging."
"Until today, low volume batch processing scanners available for commercial use have not been able to deliver the equivalent performance in MICR reading and reliability as the mid range scanners used in the bank processing environment," said Bud Weist, Vice President of Sales and Marketing, Epson System Device Group. "CaptureOne is the industry's first product to deliver reliability this high in a desktop scanner, making it the ideal solution for banks looking to provide cost effective check capture with confidence, to tens of thousands of commercial customers."
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 developer 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. RDM's Image & Transaction Management System (ITMS(R)) is an industry leading e-check processing solution whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned checks. For further information, visit RDM's website at www.rdmcorp.com.
About Epson
Epson is one of the world's leading manufacturers of highly-reliable point-of-service technology, including printers, precision printing mechanisms and digital image scanners. Epson's integrated check scanner and printer was the first to bring image-based Electronic Check Conversion (ECC) to high-volume retail point-of-sale environments. Ranked first in POS peripherals in the RIS News 2006 Hardware Leaderboard and the Vertical Systems Reseller 2006 Hardware Leaderboard, Epson offers an extensive array of POS printers and transaction terminals and digital marketing solutions for the retail, hospitality, supermarket and banking markets. Founded in 1975 and headquartered in Long Beach, CA, Epson America, Inc. is the U.S. affiliate of Japan-based Seiko Epson Corporation, a global manufacturer and supplier of high-quality technology products that meet customer demands for increased functionality, compactness, systems integration and energy efficiency. For more information, please visit http://www.pos.epson.com/banking.
CONTACT: Tom Kettell, Vice President, Marketing, RDM Corporation, (952) 906-3996 phone, (952) 516-5660 fax, tkettell@rdmcorp.com; James Merwin, CFO & Vice President, Corporate Development, RDM Corporation, (519) 746-8483 ext. 284 phone, (519) 746-3317 fax, jmerwin@rdmcorp.com
