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Posted May 13, 2008
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Cheque Conversion Deal

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 - RDM Corporation, a leading developer of specialized software and hardware products for electronic payment processing, announced 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."

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