Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Research In Motion - RIM.T -- Ignore unavailable to you. Want to Upgrade?

To: Obie who wrote (740)	4/19/1999 12:03:00 PM
From: Ron Schier	Read Replies (1) \| Respond to of 848

Attention Business/Technology Editors: RDM Corporation Demonstrates Secure Mobile Electronic Payment Using The RIM Inter(at)ctive Pager 950 - Secure Payments Sent To Internet Email Addresses - Vancouver Stock Exchange Symbol: RC www.rdmcorp.com MIAMI, FL, April 19 /CNW/ - RDM Corporation, a technology leader in the development of specialized software and hardware products for both of the electronic and paper based payment processing industries, announced today that it is demonstrating a wireless eCheck payment technology using the RIM Inter(at)ctive(TM) Pager 950 at the BAI Transaction Processing '99 show in Miami, Florida. The demonstration illustrates how the eCheck can be used for electronic payment in a secure means from a mobile source. RDM's demo software, running on the RIM Inter(at)ctive Pager 950, allows the user to create, digitally sign, and transmit an electronic check (eCheck) to an Internet email address. The user authorizes the application of the digital signature to the eCheck by entering a PIN number. The RDM demo software allows the user to enter an email address or select an email address from the two-way pager's address book and also interfaces with the pager's standard email software. ''The eCheck initiative removes a major obstacle to eCommerce by providing a secure electronic payment technology for the Internet,'' said Pat Pavlik, RDM's President and CEO. ''Possible pager applications for this technology include wireless receipt and payment of a bill or wireless payment for an investment transaction.'' The eCheck is an electronic payment technology modeled on the paper check. The result of a collaborative 3-year research initiative by members of the FSTC (Financial Services Technology Consortium) Electronic Check Project, the eCheck is a highly secure electronic payment option optimized for the Internet. RDM will also demonstrate its eCheck Payment Software for Business at the BAI Show in Miami. The Software facilitates creation and issuance of eCheck payments and receipt, validation and deposit of eCheck payments. The eCheck payment technology is being demonstrated at the BAI show in a multi-vendor demo. RDM (booth 833), Check Solutions (booth 811), IBM (booth 1201) and the Federal Reserve Bank of Boston (booth 932) will be demonstrating end-to-end eCheck processing, transmitting the eChecks from booth to booth. At the Show, RDM and Check Solutions are each able to issue an eCheck payment to the other and process an eCheck payment received from the other. Both will also be receiving eCheck payments issued by the RIM Inter(at)ctive Pager 950 using the RDM demo software. Upon receipt of an eCheck payment it will be validated, endorsed and deposited by email to the IBM eCheck Bank Server, at the IBM booth, which will demonstrate eCheck processing by the Payee bank. The final step in the processing of the eCheck - Payer Bank processing - will be demonstrated at the Federal Reserve Bank of Boston booth completing the flow and processing of the eCheck payment. Founded in 1984, Research In Motion Limited is a world leader in designing, manufacturing and marketing wireless technology for the mobile communications market. Research In Motion is a public company listed on the NASDAQ Stock Market under the symbol ''RIMM'' and the Toronto Stock Exchange under the symbol ''RIM''. RDM has been providing cheque automation and processing technologies to banks, printers and payment processors in over 35 countries since 1987. RDM is the leading supplier of hardware and software to design and test cheques for electronic processing. RDM Corporation is a public company listed under the symbol ''RC'' on the Vancouver Stock Exchange. The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. Research In Motion, RIM, Inter(at)ctive and Inter(at)ctive Pager are trademarks of Research In Motion Limited. Research In Motion and RIM are registered, U.S. Patent and Trademark Office. All other brands, products and company names mentioned herein may be trademarks or registered trademarks of their respective holders.