RDM Corporation Announces Deal with Electronic Check Services

    Electronic Check Services enters agreement to resell RDM's Image and
    Transaction Management System (ITMS(R)) suite of electronic check
    conversion software products including Simply Deposit(TM)

    Toronto Stock Exchange Symbol: RC

    WATERLOO, ON, July 14 /CNW/ - RDM Corporation (TSX: RC), a leading
developer of specialized software and hardware products for electronic payment
processing, announced today that it has teamed with Electronic Check Services
(ECS) to resell RDM's electronic check conversion software and hardware
products. ECS 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 be
required to change their existing banking relationships.
    "We are very pleased to be working with ECS to sell our Remote Deposit
Capture (RDC) products through the ISO sales channel," said Douglas Newman,
President and Chief Executive Officer of RDM Corporation. "ECS is a rapidly
growing firm and we look forward to assisting them in servicing their existing
customers as well as in securing new business with our industry leading
products. We believe our new Simply Deposit(TM) product that was designed
specifically for small business will be especially well received." Newman
further stated, "RDM is uniquely positioned to be able to provide an end to
end check electronification platform as we can provide both the hardware and
software required."
    Derron Winfrey, President ECS said, "We are working closely with RDM to
add a full service element for our customers. Our programming teams are
completing an interface allowing us to showcase our ACH abilities as well as
interfacing with our proprietary National Database and three stage collections
process. Utilizing RDM's ability to capture and process items from the back
office combined with ECS's abilities in database customization and check
recovery will give our merchants a complete check conversion system. Offering
Remote Deposit Capture will not only allow them to electronically deposit
checks without needing to go to the bank branch to make a deposit, but provide
them with complete recovery management for items that do not clear upon the
initial presentment. This will save them time and money and give them faster
availability of funds from those deposits."

    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 Electronic Check Services

    Electronic Check Services, Inc was established in 1997 in Springfield,
Missouri as a privately held corporation, which it remains today. ECS provides
the latest in Check Processing, Prepaid Services, Bill Payment, Gift Card and
Loyalty programs to thousands of retail locations Nationwide.
    ECS boasts a tremendous point of sale program. ECS allows the unique
ability to provide Check Processing, Prepaid, Bill Payment, Gift Cards and
Loyalty in not just one terminal but one program making this program very
exciting and extremely profitable for their merchants and their ISO channel.
This powerful, yet easy to use program creates the bottom line results the
industry has been waiting for. For further information, visit Electronic Check
Services Web site at www.electroniccheckservices.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 & CEO, RDM
Corporation, (519) 746-8483, (519) 746-3317 fax, dnewman@rdmcorp.com; James
Merwin, Chief Financial Officer, RDM Corporation, (519) 746-8483, (519)
746-3317 fax, jmerwin@rdmcorp.com

Organization Profile

RDM Corporation

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890