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TheStreet Open House

RDM's Synergy Deposit Offers Check Verification And Guarantee With VeriCheck

Toronto Stock Exchange Symbol: RC

WATERLOO, ON, March 13, 2012 /PRNewswire/ - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, announced today the release of check verification and guarantee services for RDM's Synergy Deposit on the RDM SYNERGY II all-in-one payment terminal with VeriCheck.

VeriCheck adds check verification and validation services to the check transaction. It allows merchants the ability to confirm that the customer account is valid and in good standing while they are still at the point-of-sale. VeriCheck also offers the ability to guarantee funds to the merchant, providing a risk-free transaction.

"Merchants can now leverage Synergy Deposit check electronification with verification and guarantee through VeriCheck", said David Lant, Director of Sales - Scanning Solutions at RDM Corporation. "Synergy Deposit can offer merchants risk-free check transactions by verifying transactions and guaranteeing those funds to the merchant, which allows fewer returned checks". 

Synergy Deposit is a Remote Deposit Capture Client designed to reside on RDM's standalone, all-in-one RDM SYNERGY II payment terminal which allows merchants to accept all non-cash payments. Synergy Deposit is seamlessly integrated into RDM's secure and trusted ITMS® remote  deposit capture platform, allowing users to leverage tools such as advanced image search, reporting library, user management and deposit authorization.  The RDM Synergy II has an available SDK that allows developers to easily integrate the terminal into their specific applications. 

About VeriCheck

Since the early 1990's VeriCheck has offered check verification and guarantee services to clients. ACH and remote deposit capture solutions were added in 2001 with Check 21 capability soon to follow. VeriCheck offers scalable check and ACH processing solutions to merchants primarily through its reseller channel. Currently, VeriCheck provides its services to many of the nation's top merchants and works with many of country's leading independent sales offices and financial systems developers. More information can be found on VeriCheck's website at www.VeriCheck.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

 

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