Press Release

Year 2008 / Wednesday April 2, 11:44 am ET

Rahaxi Processing Oy Brings PCI Approved, Palm-Sized Mobile Payments to Finland

Gains Full EMV Certification for Hypercom Optimum M4100 Blade; Commences Rollout to Merchants

HELSINKI, Finland, April 2, 2008 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), 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 - News) 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."

For more information on the Hypercom_^® Optimum M4100 (the "Blade"), please visit www.hypercom.com.

About FreeStar Technology Corporation

FreeStar Technology Corporation 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. For more information, please visit http://www.freestartech.com and http://www.rahaxi.com

About EMV

EMV certifications ensure that card payment devices can accept the EMV-compliant smart cards that are being deployed around the world to increase security and combat credit card fraud at the point of sale. The interoperability specifications and test requirements were established by EMVCo LLC, an organization currently governed by JCB Co., Ltd, MasterCard Worldwide and Visa Inc.

Hypercom and Optimum & Design are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

Source: FreeStar Technology Corporation