FreeStar Technology Corp., an international card payments processor and
technology company, announced that its subsidiary, Rahaxi Processing Oy
based in Helsinki, placed an additional order of 1,500 units of Optimum
Point of Sale (POS) Terminals and pin-pads from Hypercom Corp.
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.
About FreeStar Technology Corp.
FreeStar Technology Corp. provides mission-critical solutions to the
financial industry worldwide. Working with merchants and acquirers in
more than twenty countries, its product suite has empowered partners to
focus on their core competencies, while its innovative driven approach
has enabled them to benefit from first to market advantage and realize
their true potential. FreeStar Technology has adopted a partnership
strategy for growth. Its partners are market leaders in their respective
industries. These include IKEA, Finnair and Stockmann. Its subsidiaries,
Rahaxi Processing Oy., Finland, FreeStar Technologies Ireland, Ltd., and
FreeStar Dominicana S.A. Dominican Republic, continue to develop and
implement first class products and solutions that enhance the service
level its partners can offer their customers.
About Hypercom Corporation
Global payment technology leader Hypercom Corporation delivers a full
suite of high security, end-to-end electronic payment products and
services. The company’s solutions address the high security electronic
transaction needs of banks and other financial institutions, processors,
large scale retailers, smaller merchants, quick service restaurants, and
users in the transportation, healthcare, prepaid, unattended and many
other markets. Hypercom solutions enable businesses in more than 100
countries to securely expand their revenues and profits.
About EMV and PCI
EMV is an international standard, developed in response to certain types
of bank card fraud. In time, EMV will replace the magnetic strip with a
chip all over the world, on both credit cards and other bank cards. This
will change some payment transactions. The name EMV stands for the
initiating organizations, namely the former Europay, and the
international organizations MasterCard and Visa.
