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RDM Corporation Announces Deal with BluePay Processing
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, 2008 – 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.
For more information, please contact:
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
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.
