RDM Connect scans checks, processes card payments and images ID cards
WATERLOO, ON, June 1, 2011 – RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for multi-payment processing solutions, and Financial Transmission Network, Inc. (FTNI), an industry leading provider of electronic payment processing solutions, announced today that FTNI has completed its certification to support the RDM Connect™ auto feed multi-feature check scanner with ETran Platform. Integrating RDM Connect’s multi-functional scanner to process checks, swipe credit and debit cards and capture ID cards facilitates the merchant’s desire to simplify payment acceptance.
“RDM Connects’ bi-directional magstripe reader and Check 21 compliant processing capabilities provides merchants with a cost effective integrated payment device to accept a variety of electronic payments”, said Randy Fowlie, President and CEO of RDM Corporation. “RDM’s partnership with FNTI demonstrates a shared commitment to provide merchants with an integrated, multi-payment processing solution which simplifies their business operations.”
The RDM Connect scanner resonates well with FTNI’s ETran application. ETran, an industry leading receivables platform, enables merchants to process Remote Deposit Capture, ACH and credit/debit cards, all from a single platform. FTNI’s PCI compliant solution satisfies the growing demand for payment diversity by accommodating mail-in, walk-in, call-in and web payments, while also providing posting files to allow the merchant to clear and post payments in a single pass.
In receiving word of the certification, Kurt Matis, FTNI’s CEO, indicated “FTNI was pleased to complete this process quickly, as RDM’s latest offering clearly embraces our concept of simplifying the merchant’s payment processing. We continue to have customers looking for this simplicity in processing. By combining FTNI’s electronic payment processing expertise with RDM’s multi-method scanner, we can offer an integrative multi-payment processing solution. Both companies are clearly reacting to a market that is looking to eliminate the historically siloed payment industry.”
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.
Financial Transmission Network, Inc.’s (“FTNI”) ETran platform incorporates check scanning, ACH processing, credit card processing and ID verification on a single, managed platform to help our clients reduce costs, accelerate timelines and improve transaction processing quality. The founders and employees of FTNI have over 150 years of combined experience in designing software solutions for the financial institutions. These state-of-the-art solutions have been highlighted in numerous publications, as well as analysts’ reports by JP Morgan, Putnam Lovell, Robertson Stephenson and Hambrecht & Quist. Visit FTNI online at www.ftni.com.
For more information, please contact:
Vice President of Marketing & Product Management
(703) 451-2656 Phone
(519) 746-3317 Fax
VP Client Relationships
(402) 502 8777 x 107 Phone
(402) 502 8788 Fax