Oct 2006 - Thyron and Rahaxi partnership in Finland

Rahaxi Processing Oy, the electronic payment processor and subsidiary of FreeStar Technology Corporation has achieved EMV Mastercard Certification for Thyron Systems's mobile payment terminals for the Finnish market.  As a result of Thyron's EMV certification in Finland, Rahaxi Processing has purchased 500 Thyron Systems mobile terminals and has placed orders for 1,000 more to satisfy the demand. Rahaxi Processing estimated that 2,000 Thyron mobile terminals will be used by buses, 1,600 by taxies and about 1,500 by restaurants, delivery services and breweries over the next twelve months in Finland. “Rahaxi’s ability to offer EMV certified, state of the art mobile payment devices from an established brand name like Thyron Systems will help expand our merchant base and ensure our position as a leading payment processor in Finland," says Paul Egan, CEO of Freestar Technology.