RDM Corporation Announces Class B Certification from Chase Paymentech for its RDM SYNERGY II Payment Terminal

Toronto Stock Exchange Symbol: RC

WATERLOO, ON, March 6, 2012 /CNW/ - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, announced today that it has received Class B certification from Chase Paymentech for the RDM SYNERGY II all-in-one payment terminal. RDM SYNERGY II supports all industry bankcard types for retail, restaurant, and hospitality with or without tip, including card present and not present environments.

"Expansion of our certifications and accessibility to platforms with industry leaders like Chase Paymentech provides our customers with even greater opportunities.  Incredible value can now be leveraged by merchants that work with Chase Paymentech and are looking for a cost effective and reliable all-in-one PA-DSS validated POS terminal," said David Lant, Director of Sales - Scanning Solutions at RDM Corporation.  "Chase Paymentech's Class B certification encompasses credit, debit and check electronification in an all-in-one terminal at a very cost effective price point."

RDM SYNERGY II is a versatile, feature-rich, all-in-one POS payment solution supporting both multiple application and merchant environments. With true firewall capabilities, the software architecture of RDM SYNERGY II enables multi-application / multi-merchant support for numerous vertical markets including retail, pizza delivery, MOTO, hospitality, healthcare, insurance, public sector, broker dealers, and check cashing. The RDM SYNERGY II has an available SDK that allows developers to easily integrate the terminal into their specific applications.

Utilizing RDM's industry leading and patented "single pass" Progressive MICR Method and imaging technology with image archival to RDM's Image Transaction Management System (ITMS®), RDM SYNERGY II is ideal for Electronic Check Conversion (ECC) and Remote Deposit Capture (RDC) Check 21 transactions, as well as credit, debit, EBT and loyalty cards including customized and alternative payment applications.  RDM SYNERGY II's compact all-in-one design minimizes the use of valuable counter space within a simple, straightforward user interface which provides a complete payment solution that is quick and easy to use. Standard on RDM SYNERGY II is a magnetic stripe reader, dual Modem/Ethernet communication, graphic display, OCR MICR assist, franking acknowledgment, a thermal printer and an integrated 20-key pad with a powerful processor.  Built upon RDM's extensive experience in the payment automation industry combined with field proven imaging technology, RDM SYNERGY II is designed to meet the changing needs of the POS environment.

About Chase Paymentech
Paymentech, LLC ("Chase Paymentech"), a subsidiary of JPMorgan Chase (JPMC), is a leading provider of payment processing and merchant acquiring. The company's proprietary platforms enable integrated solutions for all payment types, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options. Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2010, Chase Paymentech processed 20.5 billion transactions with a value of $469.3 billion, including an estimated half of all global Internet transactions. In addition to the ability to authorize transactions in more than 130 currencies, the company provides business analytics and information services, fraud detection and data security solutions. More information can be found at www.chasepaymentech.com

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

 

David Lant
Director of Sales - Scanning Solutions
RDM Corporation
[phone] Ext 288 Phone
[email protected]

Harry Rose
Vice President of Sales
RDM Corporation
[phone]
[e-mail]