Rahaxi Processing orders 1500 Hypercom PoS payment terminals

Source: Hypercom

FreeStar Technology Corp (OTC Bulletin Board: FSRT) an international card payments processor and technology company, today announced that its subsidiary Rahaxi Processing Oy, based in Helsinki, placed an additional order of 1,500 units of Hypercom Optimum Point of Sale (POS) Terminals and pin-pads from Hypercom Corp (NYSE: HYC).

The company reported that Rahaxi Processing began selling the Hypercom Optimum product family in the fall of 2006 and has received an exceptional reception.

FreeStar Technology CEO Paul Egan said, "Demand for international standard products and services is escalating in the Finnish markets, which will have a positive impact on the company's revenue growth,"

Jyrki Matikainen, sales director of Rahaxi Processing Oy. said, "Close co-operation and partnership with Hypercom, the world's leading provider and innovator of Point-of-Sale payments processing products, has put Rahaxi Processing and its EMV and PCI products in a strong position in providing proven, secure, cost effective payment terminal products to suit a wide variety of customer needs."

"Hypercom's products have received more EMV approvals than any other electronic device provider, and that gives us a strong competitive edge," said O.B. Rawls IV, senior vice president, international sales, Hypercom Corp. "Rahaxi's selection of our high-security Optimum products strengthens our presence in this market."

The Optimum product family includes the T2100 payment terminal, which is a high-speed 32-bit EMV 4.0 and Visa PED-certified device with an integrated EMV-compliant smart card reader, built-in printer, large memory to accommodate multiple applications, support for multiple languages and currencies, hand-over countertop design and graphical interface that guides customers through transactions with clear prompts.

The Optimum P2100 from Hypercom delivers superior processing power through its 32-bit technology and multi-application architecture. Its flexible design offers a range of chip and magnetic stripe card reader combinations, and supports use in both hand-held and countertop environments. Other Optimum models for merchants include the M2100 mobile payment terminal, which uses wireless GSM or GPRS communications to transact payments for mobile businesses such as pizza delivery, sporting events, market traders, shopping kiosks and taxis.

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