RDM Corp. (RC.TO), a provider of specialized software and hardware products for electronic payment processing, said that it has entered into a Settlement Agreement with PPS Data, LLC, a Nevada limited liability company. PPS Data had alleged that RDM was infringing on a number of its patents related to the processing of remote deposits.
As per the terms of the Agreement, RDM will pay between US$1.90 million to $2.02 million to PPS Data, depending on certain future business activities over the next 2 years. RDM said it expects to record a one-time charge against earnings in the three months ending June 30, 2013 for the settlement. The Agreement provides for a release from liability for any past or future transactions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.