Apr 23, 2010

RDM announces accounts receivable integration

WATERLOO--RDM Corporation, a leading developer of specialized software and hardware products for electronic payment processing, announced today that it has introduced new functionality in its ITMS(R) WebClient and Simply Deposit(R) remote deposit capture applications that allows users to automatically update accounts receivable records in their accounting systems such as QuickBooks(R), with their electronic check deposits. This new module, called Apply Payments, allows for easy configuration, management and flexibility, while avoiding the hassle of double-keying check deposit information into a business's accounting package. Once checks have been scanned and electronically deposited, the end user can easily engage the Apply Payments feature to automatically apply individual checks to the appropriate invoice or receivable in the user's accounting package.

"The Apply Payments feature is a fantastic new tool for our customers," said Douglas Newman, President and CEO of RDM Corporation. "This new functionality adds to the overall value proposition of the ITMS suite of products by saving significant data entry time and reducing the number of transposition errors during keying. We continue to enhance our remote deposit capture products to improve their usability, efficiency and effectiveness."

The Apply Payments feature is a standard module in RDM's ITMS suite of products. 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(TM) intended for mobile deposit applications. RDM also manufactures a wide range of industry leading single-feed digital imaging check scanners including the single-sided EC6000i(R) scanner series, the dual-sided EC7000i(R) series, the dual-sided EC7500i(TM) series of value scanners, the RDM SYNERGY II all-in-one payment terminal able to handle all non-cash payments and the recently introduced RDM Connect(TM) duplex, auto-feed scanner.

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.




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