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.