Jul 28 , 2010

RDM partners with Burroughs Payment Systems

WATERLOO---RDM, a leading developer of specialized software and hardware products for electronic payment processing, announced today that it has certified the SmartSource(R) Adaptive scanner from Burroughs Payment Systems, Inc., for use with its ITMS WebClient remote deposit capture application. The SmartSource Adaptive is a tabletop MICR-enabled solution capable of scanning a wide variety of intermixed document types including full page documents.

"We are pleased to strengthen our relationship with Burroughs by certifying their exciting new product," said Douglas Newman, President and CEO of RDM Corporation. "The full-page scanning capability of the SmartSource Adaptive including a MICR reader combined with our ITMS WebClient Remote Deposit Capture (RDC) software product fulfills an unmet need in today's marketplace."

The certification of the SmartSource Adaptive scanner from Burroughs will further enhance RDM's solution which can be tailored to address the specific processing needs of banks, utilities, insurance, healthcare, financial services and government entities where multiple document types such as checks, remittance stubs and full-page documents can be scanned by a single device.

"We've maintained a strong partnership with RDM for many years and have found them to be an extremely competent and forward-thinking organization. Their certification of our SmartSource Adaptive further strengthens our relationship and both companies foresee positive results from this development effort," said Alan Howard, president and CEO, Burroughs Payment Systems, Inc. "We design products based on real customer feedback and align ourselves with the most prominent application providers in the market to ensure our devices work in every environment."

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(R) 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.

Burroughs is a Plymouth, Michigan-based global provider of document and payment processing image technology, cash management solutions and services to financial institutions and retailers. The Company's products provide banks and commercial customers with safe, secure and prompt document and cash processing which improves operational efficiencies and payment security. With over 100 years of history, Burroughs is recognized as the industry leader in image processing technology from web-enabled branch and merchant capture devices to high-speed reader/sorters in some of the largest payment processing centers worldwide.



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