Source: FreeStar Technology Corp
FreeStar Technology Corp. (OTC Bulletin Board: FSRT), an international card payments processor and technology company, today announced that its Rahaxi Processing Oy. subsidiary will immediately commence sales of Hypercom's (NYSE: HYC) PCI-approved, mobile credit/debit terminal in Finland.
The action follows Finnish EMV Level 1 & 2 Chip and Pin certification of the palm-sized, 32-bit wireless signature capture device.
"The demand for EMV-certified payment products is escalating sharply in Finland; we have achieved that security standard with the M4100 Blade, and we intend to quickly introduce this innovative and truly mobile payment device to our merchant base," said Dr. Jose Enrique Perez, Managing Director, Rahaxi Processing Oy.
Weighing in at just over 200g and measuring 12.67cm (4.9 inches) long, 6.93cm (2.7 inches wide), and 2.92cm (1.15 inches) deep, the M4100 Blade is a fraction of the size of competitive models, is battery operated, and requires no external battery or modem. These features eliminate size and weight problems that make other wireless units impractical for use in mobile scenarios. The M4100 Blade is also a rugged terminal that incorporates a top-of-the-line high-contrast color touch screen, accepts magnetic stripe and smart cards, and offers a contactless reader, clip-on printer and docking station.
"This marks yet another achievement in our continued success with EMV-certified payment options. Rahaxi continues to be on the forefront of this technology with successful certification in partnership with Hypercom products," said Paul Egan, CEO of Rahaxi parent company FreeStar Technologies. He added, "This certification allows us to continue to expand our offerings to our core merchant base and allows us to expand that base greatly."