Payment Processing: Epson And RDM Showcase CaptureOne Check Scanner
Recently at the NACHA Payments Conference, Epson, one of the leading supplier of value-added banking solutions, and RDM, a leading provider of specialized software and hardware products for electronic payment processing, unveiled CaptureOne the industry's most reliable desktop scanner for back office capture (BOC), remote deposit capture (RDC) and branch capture applications. Epson, known for its high-quality image scanners, teamed with RDM, known for its industry leading MICR accuracy. The result is CaptureOne a desktop scanner boasting the longest warranty and the highest MICR accuracy in its class. CaptureOne will be available third quarter, 2007.
According to Celent research, as of December 2006, 19 of the top 20 banks were in RDC production or pilot and 57 of the top 100 banks were already implementing RDC. "Stand-alone scanners have traditionally had high MICR misreads and financial institutions have not had a reliable option for commercial customers," said Bud Weist, vice president of sales and marketing, Epson System Device Group. "CaptureOne is the industry's first product to deliver reliability this high in a desktop scanner, making it the ideal solution for financial institutions looking to provide cost effective check capture with confidence, to tens of thousands of commercial customers."
"With our patented MICR algorithms and imager, there is no desktop scanner on the market today that can match the MICR accuracy of CaptureOne," said Tom Kettell, vice president of marketing, RDM Corporation. "This is the reliable option banks have been waiting for."
Features and Benefits
CaptureOne offers a 100-sheet document feeder in two versions, with scan rate options of 30 or 60 documents per minute (DPM). Other features include clear electronic endorsements for 100% legibility, a double check detector that virtually eliminates double check feeding and a built-in franker that prints a static message on checks to prevent double processing. Two pocket support offers flexibility when separating documents such as checks and payment coupons. In addition to being the only check scanner available with a two-year warranty, Epson provides overnight replacement options to minimize downtime.
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. RDM's Image & Transaction Management System (ITMS) is an industry leading e-check processing solution whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned checks. RDM holds an approximate 18% interest (13% on a fully diluted basis) in Xign Corporation, a California based provider of collaborative software for the financial supply chain. For further information, visit RDM's website at www.rdmcorp.com.
About Epson
Epson is one of the world's leading manufacturers of highly-reliable point-of-service technology, including printers, precision printing mechanisms and digital image scanners. Epson's integrated check scanner and printer was the first to bring image-based Electronic Check Conversion (ECC) to high-volume retail point-of-sale environments. Ranked first in POS peripherals in the RIS News 2006 Hardware Leaderboard and the Vertical Systems Reseller 2006 Hardware Leaderboard, Epson offers an extensive array of POS printers and transaction terminals and digital marketing solutions for the retail, hospitality, supermarket and banking markets. Founded in 1975 and headquartered in Long Beach, CA, Epson America, Inc. is the U.S. affiliate of Japan-based Seiko Epson Corporation, a global manufacturer and supplier of high-quality technology products that meet customer demands for increased functionality, compactness, systems integration and energy efficiency. For more information, please visit www.pos.epson.com/banking.
SOURCE: Epson