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PRESS RELEASE

Year 2005 / Tuesday April 26, 2:00 am ET

FreeStar Launches Its New Internet Payment Gateway with Software from ACI Worldwide

HELSINKI, Finland--(BUSINESS WIRE)--April 26, 2005--FreeStar Technology Corporation (OTCBB: FSRT - News), a payments processor, today announced that its wholly owned subsidiary Rahaxi Processing Oy. has launched a new Internet Payment Gateway (IPG) using software from ACI Worldwide (Nasdaq:TSAI - News), a leading international provider of enterprise e-payment solutions. The new IPG will now enable Rahaxi to dilute its customer concentration in the Finnish market by processing for new merchants based in the rest of Europe, the USA and Asia. This software has the potential to add to Rahaxi's existing Finnish domestic market growth, and will help to ensure that FreeStar is a fully fledged international payments processor.

In addition to already providing card processing and payment solutions for physical/retail storefronts and wireless POS terminals, Rahaxi now offers a "state-of-the art" IPG. The IPG provides a mechanism for both Internet and Mail Order & Telephone Order (MO/TO) transactions. This advanced e-payment service includes real-time reporting and delivers a global solution for online merchants.

Steven Wright, ACI vice president for sales and marketing in EMEA, commented, "The flexibility of our BASE24 integrated payments software means that we are able to deliver new and innovative solutions to our customers in a cost effective way. We are pleased to maintain our partnership with FreeStar and will continue to provide the levels of technology and service excellence to support its global expansion efforts."

Commenting on the implementation, Paul Egan, FreeStar CEO, stated: "With the addition of the IPG to our existing BASE24^® system, we are now able to deploy a comprehensive, e-payments platform. We believe the enhanced platform will give FreeStar a significant competitive advantage in the market place." Mr. Egan commented further: "The new IPG will enhance our product offering to new and existing clients."

Angel Pacheco, FreeStar CTO, stated: "The new IPG was developed specifically with the ecommerce merchant in mind to support dramatic growth. This IPG provides a live link to the credit card networks, a real-time transaction database for dynamic reporting, and a risk management system. The processing, risk management, and reporting tools are available 24 hours a day through a secure, password protected website." Mr. Pacheco continued: "This Web based design facilitates dynamic interaction with all transaction data for effective and customized merchant portfolio management."

ABOUT ACI Worldwide

Every second of every day, consumers are initiating electronic payment transactions -- getting cash at ATMs, using debit and credit cards to make purchases in stores and on the Internet, banking by phone and PC, and paying bills online. Over 45 billion times a year, ACI software is used to process these transactions, powering the world's online payment systems. ACI was founded in 1975 and pioneered the development of applications and networking software for online transaction processing. Today more than 500 customers in 79 countries use ACI supplied software. Visit ACI Worldwide on the Internet at http://www.aciworldwide.com.

ABOUT FREESTAR TECHNOLOGY CORPORATION

FreeStar Technology Corporation is a payment processing and Technology Company with its main operations coming through its wholly owned subsidiary Rahaxi Processing Oy., a robust Northern European BASE24 credit card processing platform based in Helsinki, Finland. Rahaxi currently processes in excess of 1,000,000 card payments per month for an established client base that comprises companies such as Finnair, Ikea, and Stockman. FreeStar is focused on exploiting a first-to-market advantage for its Enhanced Transactional Secure Software (ETSS), which is a software package that empowers consumers to consummate e-commerce transactions with a high level of security using credit, debit, ATM (with PIN) or smart cards. The company, based in Santo Domingo, Dominican Republic, maintains satellite offices in Dublin, Ireland, Helsinki, Finland, and Geneva, Switzerland. For more information, please visit FreeStar's websites at http://www.freestartech.com, http://www.rahaxi.com.

SOURCE: FreeStar Technology Corporation.