RDM Corporation and BankCard Source Announce Agreement



    
    Toronto Stock Exchange Symbol: RC

    BankCard Source to resell the RDM Image and Transaction Management System
    (ITMS) suite of electronic check conversion software products
    

    WATERLOO, ON, Feb. 3 /CNW/ - RDM Corporation (TSX: RC), a leading
developer of specialized software and hardware products for electronic payment
processing, announced today that it had reached an agreement with BankCard
Source, headquartered in Apex, North Carolina, to resell RDM's electronic
check conversion software and hardware products. BankCard Source will now be
able to provide remote deposit capture capabilities to its existing and
potential customers, enabling them to electronically deposit checks. The RDM
software is bank agnostic so merchants will not need to change their existing
banking relationships.
    "We are very excited to be working with BankCard Source to sell our
Remote Deposit Capture (RDC) products through the ISO sales channel," said
Steve Robins, Director of Sales, RDM Corporation. "We look forward to
assisting BankCard Source in servicing their existing customers as well as in
securing new business with our industry leading products." Robins further
stated, "RDM is well positioned to be able to provide an end to end check
electronification platform as we can provide both the hardware and software
required."
    Jerrel Olive, General Partner at BankCard Source, said: "We are very
pleased to be adding the RDM Simply Deposit and ITMS WebClient products to our
current offering. The vast majority of our customers accept checks as well as
credit and debit cards for payment. Offering these customers Remote Deposit
Capture will allow them to electronically deposit checks without needing to go
to the bank branch to make a deposit. This will not only save them time and
money but will also give them faster availability of funds from those
deposits."
    Kicking off the introduction of the RDM products, BankCard Source will be
offering a 90 Free Offer on the Simply Deposit product. Simply Deposit was
developed specifically for small business.

    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.

    About BankCard Source, LLP

    BankCard Source, LLP is headquartered in Apex, North Carolina and is a
Registered ISO/MSP of RBS Citizens Bank N.A. Providence, RI. BankCard Source
is a full service merchant service provider marketing to merchants in the
United States (877) 773-5788. Visit BankCard Source's website at
www.bankcardsource.com or inquire at info@bankcardsource.com.

    This news release contains forward-looking statements. Forward-looking
statements are based on estimates and assumptions made by RDM in light of its
experience and its perception of historical trends, current conditions and
expected future developments, as well as other factors that RDM believes are
appropriate in the circumstances. Many factors could cause RDM's actual
results, performance or achievements to differ materially from those expressed
or implied by forward-looking statements. Risk factors relating to RDM are
discussed in the Risks and Uncertainties section of RDM's Annual Information
Form and year-end Management's Discussion and Analysis. These factors should
be considered carefully, and readers should not place undue reliance on RDM's
forward-looking statements. RDM has no intention and undertakes no obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.





For further information:

For further information: Douglas Newman, President and CEO, RDM
Corporation, (519) 746-8483 ext. 340 phone, (519) 746-3317 fax,
dnewman@rdmcorp.com; James Merwin, CFO, RDM Corporation, (519) 746-8483 ext.
284 phone, (519) 746-3317 fax, jmerwin@rdmcorp.com

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