RDM Announces National Rollout of Simply Deposit Mobile™

RDM to target businesses that receive check payments outside of typical office locations

Toronto Stock Exchange Symbol: RC

WATERLOO, ON, Jan. 20 /CNW/ - RDM Corporation (TSX: RC), a leading provider of specialized software and hardware products for electronic payment processing, announced today the national market expansion of its Simply Deposit Mobile™ product.  Simply Deposit Mobile is now integrated with RDM's Remote Deposit Capture (RDC) platform extending the business efficiencies of remote deposit capture from the office to the field.  The downloadable mobile application is available for the iPhone® and will shortly be available on BlackBerry® smartphones.

Simply Deposit Mobile is the RDC solution for businesses with a mobile workforce collecting payments in the field.  Simply Deposit Mobile makes use of today's smartphone technology to enable check deposits from anywhere a wireless signal or broadband access is available. Simply Deposit Mobile extends RDC to the actual point of initial check receipt. Now mobile businesses can take advantage of the convenience and cost savings associated with RDC including reduced trips to the bank, later deposit cut-off times, quicker access to funds, faster deposit preparation, and enhanced security.

Simply Deposit Mobile combines RDM's patent-pending mobile image processing technology with RDM's patented remote deposit products to provide a complete RDC solution for both small and large corporate users.  The product was designed to be easily deployed by businesses in the field.  Simply Deposit Mobile is easily and quickly brandable for Financial Institutions as well as Corporate users, and provides superior usability with a customizable welcome message, tutorial and practice mode for the first time users. 

"We are excited to be expanding the availability of this product following a successful in-market pilot," said Randy Fowlie, President and CEO of RDM Corporation.  "The integration of Simply Deposit Mobile with our ITMS WebClient product enables users to take advantage of full RDC functionality including IQA, CAR/LAR, MICR Validation, Deposit Authorization, Deposit Limits, and more.  Mobile handsets are treated like any other scanner thus there is no integration required for our current customers."  

RDM has developed a comprehensive suite of remote deposit capture software products which includes the ITMS WebClient for medium to large check volume customers, Simply Deposit® for small check volume customers, Synergy Deposit for all-in-one RDC and card-based payments in retail applications, and Simply Deposit Mobile intended for mobile deposit applications.  RDM also manufactures a wide range of industry leading single-feed digital imaging check scanners and the recently introduced RDM Connect™ duplex, auto-feed scanner.

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

For further information:

Michael Murphy
Vice President of Marketing & Product Management          
RDM Corporation
(703) 451-2656 Phone
(519) 746-3317 Fax
James Merwin
CFO & Vice President of Corporate Development
RDM Corporation
(519) 746-8483 x284 Phone
(519) 746-3317 Fax

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RDM Corporation

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