Santander Bank Selects RDM Corporation as its New Remote Deposit Provider for its Corporate and Commercial Clients

WATERLOO, Ontario, March 30, 2016 /CNW/ -- RDM Corporation (TSX:RC), a leading provider of specialized software and hardware solutions for electronic payment processing, announced that Santander, one of the country's top retail banks by deposits, selected RDM as its new desktop and mobile Remote Deposit Capture (RDC) solution provider for its Corporate and Commercial Banking clients.

With over $90 billion in assets, Santander has over 670 branches throughout the Northeastern United States. RDM's flexible RDC solution will allow Santander's business customers to enhance productivity and services by leveraging innovative technologies.

RDM's suite of RDC solutions is powered by its cloud-based Image & Transaction Management System (ITMS^®) that includes a complete set of risk-mitigation tools including: reports, deposit limits, advanced authentication, IP-addressability and geolocation services. The RDC solution requires little or no user training and is easy to implement, deploy and support. ITMS' intuitive application allows users to scan checks along with relevant related transaction documents and information to capture the complete transaction for further processing.

The new solution provides the ability to fulfill existing customer needs to capture remittance and full-page documents as well as address new customers more competitively. The desktop solution can also be enhanced with RDM's mobile RDC solution to provide a fully integrated capture, review and approval process. 

Santander will also engage RDM to integrate the total RDC solution within its Corporate and Commercial Banking platform and provide significant value to the Bank's services. 

"We are excited to provide RDM's Remote Deposit Capture solution for desktop and mobile to Santander," said Randy Fowlie, president and CEO of RDM Corporation. "This is a key competitive replacement win for RDM and shows the strength and robust functionality of our solutions as we expand our market share and continue to add customers to our profile."

About RDM Corporation

RDM Corporation provides large financial institutions with Remote Deposit Capture (RDC) solutions designed to help their clients simplify the way they do business. Working with clients for over 25 years, RDM provides both software and hardware solutions including web-based and mobile RDC, and manufactures a wide range of digital imaging scanners.

Four of the top ten financial institutions in the United States use RDM's payment processing solutions. RDM serves 31 percent of the top 100 Fortune 500 companies including brokerage firms, big-box retailers, healthcare and insurance providers, and government entities. RDM processes over $600 billion in payments annually and helps financial institutions increase revenue, expand market share and improve customer service for over 80,000 end users. For more information, visit www.rdmcorp.com.

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SOURCE RDM Corporation

Lisa Dmytro, Marketing Manager, RDM Corporation, [phone] ext. 308, [email protected], http://www.rdmcorp.com