Toronto Stock Exchange Symbol: RC
LAS VEGAS, NV, April 19 /CNW/ - RDM Corporation (TSX: RC), a leading
developer of specialized software and hardware products for electronic payment
processing, announced today at the Electronic Transaction Association's (ETA)
Annual Meeting and Expo that they have earned Class B Certification from Chase
Paymentech for the RDM SYNERGY's all-in-one payment terminal. Chase Paymentech
is the world's largest merchant acquirer accepting payments at the
point-of-sale, hospitality, Internet, retail, catalogue and recurring billing.
The company processed approximately 18.2 billion transactions in 2006, with
more than $660.6 billion in annual bankcard and debit volume. Chase
Paymentech's customer base reflects the most respected brands in the world and
includes more than 600,000 merchants with nearly 1 million locations globally.
Chase Paymentech is a joint venture between JPMorgan Chase & Co. and First
RDM SYNERGY is a versatile, feature-rich, all-in-one POS payment
solution. Utilizing RDM's industry leading and patented "single pass"
Progressive MICR Method and imaging technology, RDM SYNERGY is ideal for
Electronic Check Conversion (ECC), Check 21 transactions, as well as credit,
debit, EBT and loyalty cards. Standard on RDM SYNERGY is a magnetic stripe
reader, graphic display, 20-key pad, multiple application support and a
powerful processor making RDM SYNERGY a perfect payment platform for POP, BOC,
ARC, Check 21, and bill payment applications. In addition to its robust
standard features, RDM SYNERGY also has many of the groundbreaking features of
the EC6000i(R)/EC7000i(R) Series such as proprietary Progressive MICR Method,
bi-directional document drive, OCR MICR assist, franking acknowledgment, and a
thermal printer. Built upon RDM's extensive experience in the payment
automation industry combined with field proven imaging technology, RDM SYNERGY
is designed to meet the changing needs of the POS environment.
"We are extremely pleased that we have secured Class B certification with
Chase Paymentech, one of the premier processors in the U.S.", said Douglas
Newman, President and CEO of RDM Corporation. "With the certification of RDM
SYNERGY, Chase Paymentech customers can now take advantage of RDM's excellent
technology in the areas of imaging, MICR reading, and terminal applications.
Chase Paymentech's Class B certification encompasses credit, debit and check
electronification in an "all-in-one" terminal at a very cost effective price
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.
For further information:
For further information: Tom Kettell, Vice President, Marketing, RDM
Corporation, (952) 906-3996 phone, (952) 516-5660 fax, email@example.com;
James Merwin, CFO & Vice President, Corporate Development, RDM Corporation,
(519) 746-8483 ext. 284 phone, (519) 746-3317 fax, firstname.lastname@example.org