Bluepoint Solutions unveiled ImagePoint ITM, a new check capture software for Interactive Teller Machines (ITMs). ImagePoint ITM provides real-time, image-enabled check capture, integrating deposits directly into the existing item processing workflow.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Matt Cole, President, Cubic Transportation Systems and Senior Vice President, Cubic Corporation.
American Eagle Credit Union is the first credit union in Missouri to deploy NCR’s new interactive, remote video technology to deliver personal teller services to its members. This offers members live video interaction. The NCR Interactive Teller lets the credit union offer members the benefits of the personal service experience of a branch via a drive-up unit. Interactive Teller acts as a “virtual teller window”, giving members the ability to make transactions as they would inside the branch such as withdrawals, deposits and payments, transfers, and check cashing. The new technology will lower processing costs and provide faster transactions. One service representative can attend to as many four machines at multiple branch locations, enabling the employees at those locations to focus on in-branch member connections.
RDM Corporation software and hardware products for electronic payment processing has expanded its “Simply Deposit Mobile” product and integrated it with its RDC platform. Currently available for the iPhone, and shortly be available on BlackBerry, the “Simply Deposit Mobile” is the RDC solution for businesses with a mobile workforce collecting payments in the field and extends RDC to the actual point of initial check receipt. It combines RDM’s patent-pending mobile image processing technology with RDM’s patented remote deposit products to provide a complete RDC solution for both small and large corporate users.
RDM Corporation specialized software and hardware products for electronic payment processing, announced that it has introduced new FFIEC compliance tools in its ITMS(R) suite of RDC software products. Responding to the new FFIEC Guidance regarding RDC, RDM enhanced existing capabilities and created new functionality to assist customers with compliance. This new offering provides financial institutions with a set of tools specifically designed to help them comply with the FFIEC guidelines with respect to RDC. These improvements to security and risk mitigation include enhanced security authentication, a comprehensive reporting suite, an easy to use limits and monitoring module as well as check endorsement capability.
RDM Corporation electronic commerce and payment processing posted
payment processing revenues of $2.5 million for its fiscal Q3/09 ended
June 30, 2009, compared to the year-ago figure of $1.7 million. The RDM
transaction volumes averaged 3.8 million items per week during the
quarter, compared to 2.8 million items per week during the year ago
period and 3.6 million items per week during its fiscal Q2/09. Payment
Processing Services segment revenues increased by $0.8 million by 48%
from the year ago period to $2.5 million while the Electronic Payments
Solutions segment and the Quality Assurance segment, which represented a
combined 8% of total revenues in the third quarter, generated revenues
of $180,000 and $322,000, respectively, compared to $554,000 and
$331,000, respectively, in the year ago period. Additional data show the
organization’s end user locations grew from 17,000 to 17,800 during the
quarter; added one additional bank distributor; gross profit was $2.5
million or 42% of revenues, compared to $1.8 million and 34% during the
year ago period, respectively; and net earnings of $175,000 compared to
a net loss of $298,000 during the year ago period.
RDM software and hardware products for electronic payment processing has
announced ACH Payment Solutions (APS) is offering its Remote Deposit
Capture (RDC) capabilities, reselling the RDM Image and Transaction
Management System (ITMS) and “Simply Deposit” hardware through its own
national distribution channel. The RDM RDC products are designed to save
end users the trouble of physically depositing checks at the bank and
provide faster funds availability. ITMS processing solution targets
environments with many remote or distributed capture locations with
large central processing centers while “Simply Deposit” is designed for
ease of use and minimal end user training requirements. ACH Payment
Solutions (APS) are designed for smaller businesses and regional
merchants with 100 locations or more
while the RDM Corporation is headquartered in Waterloo, Ontario and
specializes in electronic payment processing.
Mobile capture provider Mitek Systems and e-payment software developer
RDM will integrate Mitek’s “ImageNet
Mobile Deposit” into its Image & Transaction Management System
suite of Remote Deposit Capture products.” ImageNet Mobile Deposit”
allows checks to be deposited from an end user’s
camera-equipped mobile phone, giving financial institutions the ability
to provide their account holders an extra level of convenience and
quicker availability of funds. The combined offerings will extend
merchant capture to many small to medium sized businesses that process
less than 25 checks a day and have been slow to adopt desktop RDC
because of high entry costs which include specialized scanning
equipment, software and maintenance costs. The downloadable application
is initially available
for the iPhone and latest Blackberry handsets.
E-payment solution provider RDM Corporation announced that First
American Payment Systems L.P. has agreed to sell RDM’s suite of RDC
products including the “ITMS Simply Deposit” and “WebClient” products.
“Simply Deposit” is an RDC solution designed specifically for small
business, requiring little to no end user training. The “ITMS
WebClient” is a feature rich RDC solution that is ideal for corporate
and business environments that have many points of remote or distributed
capture locations, as well as those who have large central processing
centers. “The Simply Deposit” and the “WebClient” products save the end user the time and transportation expenses associated with physically depositing checks at the bank and provide faster availability of funds for the depositor. First American Payment Systems currently provides payment processing services to over 100,000 merchants in the United States and is ranked as one of the country’s top privately-owned payment solution providers.
RDM Corporation, software/hardware product developer for electronic
payment processing, and Electronic Check Services (ECS) have signed
agreements for the reselling of RDM’s Image and Transaction Management
System (ITMS) suite of electronic check conversion software.
Implementing such RDM bank agnostic software as “Simply Deposit,” ECS
will now be able to provide remote deposit capture capabilities to its
customers for electronically deposited checks. RDM Corporation’s bank
agnostic software doesn’t require merchants to change existing bank
relationships and is a provider of software and hardware products for
electronic payment processing while Electronic Check Services was
established in 1997 in Springfield, Missouri and provides Check
Processing, Prepaid Services, Bill Payment, Gift Card and Loyalty
programs to thousands of retail locations Nationwide.
RDM specialized electronic payment processing software and hardware
corporation has teamed with BluePay Processing ISO to resell its
electronic check conversion software and products, specifically, its
“Image and Transaction Management System” (ITMS) suite of conversion
software products. With this, BluePay can provide remote deposit capture
capabilities to customers for electronically deposit checks using the
bank agnostic RDM software, allowing merchants to maintain existing
banking relationships. RDM provides specialized software and products
for electronic payment processing while BluePay Processing supplies
electronic payment solutions around the world to organizations in the
credit card processing industry.
Ontario-based RDM Corporation posted revenues of $7.5 million in the three month period ended September 30th, an increase of 3.5% from the year ago quarter. Net earnings were $636,000 in the quarter, positively impacted by the recognition of $666,000 of federal investment tax credits as a reduction to R&D expense. Overall, total revenue for the past twelve months were $33.9 million, up 39% over the prior year. Annual gross profit hit $13.5 million, up from $10.0 million in 2006. RDM’s Electronic Payments Solutions, however, saw revenue plummet from $5.5 million in 2006 to $3.2 million in 2007. RDM provides software and hardware for electronic payment processing and provides banks and agencies with web-based image and transaction management services.
For complete details on RDM’s latest results visit CardData (www.carddata.com).