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RDM Corporation Extends Mobile Deposit Services To Android Phones

Stocks in this article: RC

Toronto Stock Exchange Symbol: RC

WATERLOO, ON, March 15, 2012 /PRNewswire/ - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, announced the support of Simply Deposit Mobile® for Android. This new application follows the previously released version for iPhone. Simply Deposit Mobile enables users to deposit checks with their Android phone from virtually anywhere. RDM has been an early leader and pioneer in mobile payments, offering mobile check capture services since 2009. Adoption of mobile banking is having significant impact on how businesses interact with their customers and 'do business' with their financial institution. RDM's depth of hardware products and industry specific software solutions provides a strong competitive advantage for their clients in the market who have made remote deposit capture a primary product focus.

"Our customers expressed the need to increase our support for mobile payments, and with the Android version of Simply Deposit Mobile, RDM now supports both the iPhone and Android devices. The convenience of mobile deposits is gaining traction in industries such as broker/dealers, contractors and delivery services," said Randy Fowlie, President and CEO of RDM. "Deposits are processed through RDM's proven and secure ITMS® platform which aggregates all check deposits, and can be used for seamless accounts receivable integration."

Smartphone technology is being embraced for convenience and reliability and coupled with the RDM Simply Deposit Mobile Android application, users are able to capture check images with the piece of mind that no data is stored on the device and submits the deposits to RDM's secure ITMS remote deposit capture platform which addresses security, compliance and risks concerns. Simply Deposit Mobile has a simplified and intuitive user interface and workflow that requires virtually no training.

Not only is Simply Deposit Mobile easy to use, it can take less than a minute to deposit a check. Users can capture and securely deposit checks with their Android phone at their customer's location, reducing check float and the incidence of lost checks.

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