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RDM Corporation Announces Deal with BluePay Processing
Monday, May 12, 2008
BluePay Processing, a Leading Independent Sales Organization (ISO), will resell the RDM Image and Transaction Management System (ITMS) suite of electronic check conversion software products
WATERLOO, ON, May 12 /PRNewswire-FirstCall/ - RDM Corporation (TSX: RC), a
leading developer of specialized software and hardware products for electronic
payment processing, announced today that it has teamed with BluePay Processing
to resell RDM's electronic check conversion software and hardware products.
BluePay 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 teaming up with BluePay to sell our Remote
Deposit Capture products through the ISO sales channel," said Douglas Newman,
President and Chief Executive Officer of RDM Corporation. "BluePay is a leader
in the industry and we look forward to assisting them in servicing their
existing customers as well as in securing new business with our industry
leading products." Newman further stated, "RDM is uniquely positioned to
provide an end to end check electronification platform as we can provide both
the hardware and software required."
John Rante, Chief Executive Officer of Blue Pay said, "We are very pleased
to be adding this exciting new product line to our current offering. The
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."
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 BluePay
BluePay Processing, LLC is headquartered in suburban Chicago Illinois and
is a leader in the credit card processing industry, supplying electronic
payment solutions to thousands of organizations worldwide. BluePay clients
include small and medium-sized business in multiple processing environments
and large corporate accounts in business-to-business environments. BluePay was
established in 2002. For further information, visit BluePay's website at
www.BluePay.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.
SOURCE RDM Corporation
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