Hypercom’s HBNet partners with RDM

On Tuesday Hypercom Corporation announced that RDM Corporation, a leading developer of specialized software and hardware products for electronic payment processing and Remote Deposit Capture solutions, subscribed for the services of its HBNet subsidiary. Under the terms of the signed agreement HBNet will be providing RDM with high speed transaction transport tools.

“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 network of Hypercom Corporation claims to facilitate the authorization and processing of electronic transactions for retailers, financial institutions, government and healthcare providers.