This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RDM Corporation Announces The Certification Of Its RDM Connect™ Scanner With FTNI's ETran Platform

RDM Connect scans checks, processes card p ayments and images ID cards

Toronto Stock Exchange Symbol: RC

WATERLOO, ON, June 1, 2011 /PRNewswire/ - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, and Financial Transmission Network, Inc. (FTNI), an industry leading provider of remittance processing solutions, announced today that FTNI has completed its certification to support the RDM Connect™ auto feed multi-feature check scanner with its ETran platform.   Integrating RDM Connect's multi-functional scanner to process checks, swipe credit and debit cards and capture ID cards facilitates the merchant's desire to simplify payment acceptance.

"RDM Connect's bi-directional magstripe reader and Check 21 compliant processing capabilities provide merchants with a cost effective integrated payment device to accept a variety of electronic payments," said Randy Fowlie, President and CEO of RDM Corporation. "RDM's partnership with FNTI demonstrates a shared commitment to provide merchants with an integrated payment platform to simplify their business operations."

The RDM Connect scanner resonates well with FTNI's ETran application.  ETran, an industry leading receivables platform, enables merchants to process Remote Deposit Capture, ACH and credit/debit cards, all from a single platform.  FTNI's PCI compliant solution satisfies the growing demand for payment diversity by accommodating mail-in, walk-in, call-in and web payments, while also providing posting files to allow the merchant to clear and post payments in a single pass.

In receiving word of the certification, Kurt Matis, FTNI's CEO, commented "FTNI was pleased to complete this process quickly, as RDM's latest offering clearly embraces our concept of simplifying the merchant's payment processing.  Our customers are looking for this simplicity in processing.  By combining a multi-payment method scanner with a multi-payment processing solution, both companies are clearly reacting to a market that is looking to eliminate the historically siloed payment process."

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

About FTNI

Financial Transmission Network, Inc.'s ("FTNI") ETran platform incorporates check scanning, ACH processing, credit card processing and ID verification on a single, managed platform to help our clients reduce costs, accelerate timelines and improve transaction processing quality.   The founders and employees of FTNI have over 150 years of combined experience in designing software solutions for the financial institutions.  These state-of-the-art solutions have been highlighted in numerous publications, as well as analysts' reports by JP Morgan, Putnam Lovell, Robertson Stephenson and Hambrecht & Quist.  Visit FTNI online at

SOURCE RDM Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%
TSLA $222.56 0.00%
YHOO $36.00 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs