Hypercom Corporation (NYSE: HYC) and FreeStar Technology Corporation (OTC Bulletin Board: FSRT) announced today that they are kicking-off a joint initiative to expand awareness of Hypercom's payment and transaction networking products in Finland.
FreeStar's wholly owned subsidiary, Rahaxi Processing Oy., maintains a strong presence serving major merchants in Finland, and intends to increase market penetration based on the advanced features of Hypercom's newest products.
"The demand for high security, multi-application information and transaction platforms that expedite the fast and secure transmission of vital financial and business data is building exponentially. Hypercom offers a wide range of products that are capable of meeting any electronic payment need, and we expect to significantly build our business by bringing these products to our customers," said Jyrki Matikainen, General Manager, Rahaxi Processing Oy.
Hypercom's new payment and transaction solutions include high-speed, multi-application countertop and wireless card payment terminals, unattended payment products, EMV and PCI-approved PIN Pads, HBNet high speed transaction transport services and IN-tact gateway converter devices for banks, financial institutions, large international multi-lane retailers and the quick service restaurant, transportation, health care, groceries, gasoline stations, pre-paid, unattended and small merchant markets as well as POS vendors to bigger merchants.
Hypercom's new products help businesses implement the most stringent international EMV security standards, speed customer checkout and curb credit card fraud. They deliver value-added services ranging from PIN-based debit, electronic signature capture, loyalty and pre-paid programs, and age and ID verification to health care verification and claims processing, dynamic currency conversion and more.
"We have a system for every need, as well as the global reach and in-market presence to provide robust support to businesses of any size," said Guilherme Blumenthal, Executive Vice President, Sales and Operations, Hypercom Corporation. "We have a large presence in Finland, where we have been doing business for a number of years. The combination of our products and Rahaxi's expertise can quickly equip businesses with the technology to vigorously compete in the marketplace through high-speed electronic payments and value- added services at the point-of-sale."