This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

RDM Corporation Announces Its Latest Innovation In MICR & Image Testing

Stocks in this article: RC

The RDM QCX performs MICR and Image testing in a single device.

Toronto Stock Exchange Symbol: RC

WATERLOO, ON, Sept. 30, 2011 /PRNewswire/ - RDM Corporation (TSX: RC), the world leader in MICR and Image Quality Control testing, today introduced the RDM QCX system. The RDM QCX transforms check testing into a simple, one-click procedure that simultaneously analyzes MICR documents optically and magnetically, and performs image readiness tests on the front and back images of the check.  The RDM QCX product improves productivity of the image testing process by combining a number of separate tests into one piece of hardware, reducing cycle time and increasing test accuracy.

The RDM QCX offers comprehensive tools and reporting as well as extensive options that make document testing easy for the beginner, and detailed enough for an experienced professional. The QCX software, with enhanced hardware precision, leaves no room for subjectivity as it analyzes strictly according to the various country standards, ensuring that check printers and banks will get the same "pass or fail" results.

Electronic Check Truncation and Check 21 require financial documents to be in compliance with the exact image readiness and MICR standards. The RDM QCX uses patent-pending technologies to perform MICR (E13B/CMC7) and Image testing in a single pass.

"Tests that once took 15 to 20 minutes and numerous machines to perform, now take less than five minutes with just one device, the RDM QCX," said Mr. Bill Faulkner, MICR Sales Director at RDM. "With the push of a button, the RDM QCX conducts the complete test and generates detailed reports for all performed tests."

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

SOURCE RDM Corporation

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 This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs