FreeStar extends in Dominican Republic with Hypercom terminals

Source: FreeStar Technology

FreeStar Technology (OTC BB:FSRT.OB), an international card payments processor and technology company, today announced plans to extend electronic payment services in the Dominican Republic.

In partnership with Hypercom Corporation (NYSE:HYC), FreeStar has agreed to purchase the Optimum T2100 card payment terminals. This will represent the first major order of terminals in the Dominican Republic.

"FreeStar's selection of Hypercom speaks to our product's competitive advantages, and further expands our presence throughout this important region," said Jaime Arroyo, Managing Director, Hypercom Mexico, Central America and Caribbean.

"With its fast growing economy due mainly to Tourism, which accounts for more than $1.3 billion specifically from Europeans, the demand for high security payment processing requiring EMV compliant systems is a natural progression for the Dominican Republic, and we are meeting that demand head-on with Hypercom's T2100," said Paul Egan, President and CEO, FreeStar Technology Corporation.

Hypercom's Optimum T2100 is a high-speed countertop terminal based on a 32-bit RISC processor, with 12 megabytes of memory and dial communications to speed installation and ease migration. This innovative device features integrated EMV-compliant smart card reader, built-in printer, support for multiple languages and currencies, and hand-over design and graphical interface that guides cardholders through transactions with clear prompts. FreeStar has achieved success in past partnerships with Hypercom in the Finnish Market and are expecting increased sales of both terminals and transaction processing in the Dominican Republic.

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