Toronto Stock Exchange Symbol: RC
CHICAGO, April 16 /CNW/ - 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.
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 www.pos.epson.com/banking.
For further information:
For further information: Tom Kettell, Vice President, Marketing, RDM
Corporation, (952) 906-3996 phone, (952) 516-5660 fax, firstname.lastname@example.org;
James Merwin, CFO & Vice President, Corporate Development, RDM Corporation,
(519) 746-8483 ext. 284 phone, (519) 746-3317 fax, email@example.com