Press Release

Year 2008 / Friday March 14, 6:30 am ET

FreeStar/Rahaxi and Monex FS to Launch Stand Alone Dynamic Currency Conversion ("DCC") Solution At the Point of Sale in the European Marketplace

DUBLIN, Ireland, March 14, 2008 (PRIME NEWSWIRE) -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, today announced that its POS terminal based dynamic currency conversion solution with Monex FS is to be launched in the European Marketplace. FreeStar and Monex plan to target the airline industry, hospitality sector and car rental industry, such as established industry leaders Hertz and Budget Car Rental amongst the many others.

The implementation of the ''DCC'' Point of Sale solutions will provide additional revenue channels and add consistent value to International travelers, generating potentially significant amounts of revenues yearly for both FreeStar and Monex FS.

Paul Egan CEO of FreeStar stated, ''This is a superb milestone for FreeStar as it allows the Company to widen our pan European footprint as part of our overall global strategy. The significant investment by FreeStar in the new service over the last 12 months has come to fruition and will lead to potentially significant revenue growth for the Company in the foreseeable future. Our partnership with Monex FS ensures that both companies will be able to provide a quality service to customers and it is a proven end to end solution for this industry.''

Mr. Egan continued, ''We are delighted with our relationship with a company such as Monex who are a global leader in multi-currency credit card processing, handling payments valued in excess of E6.35 billion and processing over 28 million transactions, per annum worldwide.''

Frank Murphy CEO of Monex FS stated, ''Clearly, this partnership with FreeStar will further cement our position within the marketplace as leading provider of Dynamic Currency Conversion services within the global marketplace. We look forward to providing this new product offering to our clients and to expanding our client base internationally as a result of our partnership with FreeStar.''

About FreeStar Technology Corporation

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

Source: FreeStar Technology Corporation