RDM Corporation and BankCard Source Announce Agreement

    Toronto Stock Exchange Symbol: RC

    BankCard Source to resell the RDM Image and Transaction Management System
    (ITMS) suite of electronic check conversion software products

WATERLOO, ON, Feb. 3 /PRNewswire-FirstCall/ – RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, announced today that it had reached an agreement with BankCard Source, headquartered in Apex, North Carolina, to resell RDM’s electronic check conversion software and hardware products. BankCard Source 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 working with BankCard Source to sell our Remote Deposit Capture (RDC) products through the ISO sales channel,” said Steve Robins, Director of Sales, RDM Corporation. “We look forward to assisting BankCard Source in servicing their existing customers as well as in securing new business with our industry leading products.” Robins further stated, “RDM is well positioned to be able to provide an end to end check electronification platform as we can provide both the hardware and software required.”

Jerrel Olive, General Partner at BankCard Source, said: “We are very pleased to be adding the RDM Simply Deposit and ITMS WebClient products to our current offering. The vast 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.”

Kicking off the introduction of the RDM products, BankCard Source will be offering a 90 Free Offer on the Simply Deposit product. Simply Deposit was developed specifically for small business.

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 further information, visit RDM’s website at www.rdmcorp.com.

About BankCard Source, LLP

BankCard Source, LLP is headquartered in Apex, North Carolina and is a Registered ISO/MSP of RBS Citizens Bank N.A. Providence, RI. BankCard Source is a full service merchant service provider marketing to merchants in the United States (877) 773-5788. Visit BankCard Source’s website at www.bankcardsource.com or inquire at info@bankcardsource.com.

This news release contains forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RDM in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that RDM believes are appropriate in the circumstances. Many factors could cause RDM’s actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements. Risk factors relating to RDM are discussed in the Risks and Uncertainties section of RDM’s Annual Information Form and year-end Management’s Discussion and Analysis. These factors should be considered carefully, and readers should not place undue reliance on RDM’s forward-looking statements. RDM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE RDM Corporation