House & Home
House and Home
House and Home 
Tue, January 20, 2009
RDM Selects Hypercom?s HBNet to Speed Electronic Check Conversion
SCOTTSDALE, Ariz.--([ BUSINESS WIRE ])--Hypercom Corporation (NYSE: HYC) today announced that its HBNet subsidiary will provide high speed transaction transport services for RDM Corporation, a leading developer of specialized software and hardware products for electronic payment processing and Remote Deposit Capture solutions.
"The time and cost savings inherent in electronic check conversion has made it one of the most rapidly adopted technologies in the financial services industry. It also lowers processing costs for banks by reducing the number of paper checks that have to be physically handled and transported across the country," says Mike Murphy, Vice President of Marketing, RDM Corporation.
"HBNet offers customers a superior combination of security, reliability, service and know-how," says Connie Festa, Vice President of Network Services, Hypercom Corporation. "Reliable and secure transactions are critical in today's demanding business environment and RDM's selection of HBNet demonstrates that our products and services set the bar for value and performance in electronic transactions."
Hypercom's HBNet network speeds the authorization and processing of electronic transactions for retailers, financial institutions, government and healthcare providers.
To learn more about HBNet, please visit: [ http://www.hypercom.com/services/hbnet.aspx ].
About RDM Corporation ([ www.rdmcorp.com ])
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.
About Hypercom ([ www.hypercom.com ])
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions business in 2008, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally.
Hypercom and HBNet are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products and services, capability, security, competitiveness and performance of products and services, the Company's financial results, market share, and expected acquisition results and benefits. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include: industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; the performance and security of the Company's products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers, contract manufacturers and subcontractors; the ability to successfully integrate the technologies, operations and personnel of acquired businesses in a timely manner; the ability to obtain the expected strategic and financial benefits from acquisitions; risks associated with international operations and foreign currency fluctuations, the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP