Demand for EMV and PCI Compliant Payments Processing Products Prompts First Major Order of Terminals in the Dominican Republic

DUBLIN, Ireland–FreeStar Technology Corp., an international card payments processor and technology company, has announced plans to extend electronic payment services in the Dominican Republic. In partnership with Hypercom Corporation, FreeStar has agreed to purchase the Optimum T2100 card payment terminals. This will represent the first major order of terminals in the Dominican Republic.

“FreeStar’s selection of Hypercom speaks to our product’s competitive advantages, and further expands our presence throughout this important region,” said Jaime Arroyo, Managing Director, Hypercom Mexico, Central America and Caribbean.

“With its fast growing economy due mainly to Tourism, which accounts for more than $1.3 billion specifically from Europeans, the demand for high security payment processing requiring EMV compliant systems is a natural progression for the Dominican Republic, and we are meeting that demand head-on with Hypercom’s T2100,” said Paul Egan, President and CEO, FreeStar Technology Corporation.

Hypercom’s Optimum T2100 is a high-speed countertop terminal based on a 32-bit RISC processor, with 12 megabytes of memory and dial communications to speed installation and ease migration. This innovative device features an integrated EMV-compliant smart card reader, built-in printer, support for multiple languages and currencies, and hand-over design and graphical interface that guides cardholders through transactions with clear prompts. FreeStar has achieved success in past partnerships with Hypercom in the Finnish Market and is expecting increased sales of both terminals and transaction processing in the Dominican Republic.

About FreeStar Technology Corporation (www.freestartech.com) 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 (www.hypercom.com) 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.