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PRESS RELEASE

Year 2007 / Monday March 5, 5:30 am ET

FreeStar Technology Corp.'s Rahaxi Processing Oy Makes Second Major Order for Hypercom^® Point-of Sale Payment Terminals for the Finnish Market

High Demand for EMV and PCI Compliant Payments Processing Products Drives Sales Growth

DUBLIN, Ireland, March 5 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News) an international card payments processor and technology company, today announced that its subsidiary Rahaxi Processing Oy, based in Helsinki, placed an additional order of 1,500 units of Hypercom Optimum Point of Sale (POS) Terminals and pin-pads from Hypercom Corp (NYSE: HYC - News).

The company reported that Rahaxi Processing began selling the Hypercom Optimum product family in the fall of 2006 and has received an exceptional reception.

FreeStar Technology CEO Paul Egan said, "Demand for international standard products and services is escalating in the Finnish markets, which will have a positive impact on the company's revenue growth,"

Jyrki Matikainen, sales director of Rahaxi Processing Oy. said, "Close co-operation and partnership with Hypercom, the world's leading provider and innovator of Point-of-Sale payments processing products, has put Rahaxi Processing and its EMV and PCI products in a strong position in providing proven, secure, cost effective payment terminal products to suit a wide variety of customer needs."

"Hypercom's products have received more EMV approvals than any other electronic device provider, and that gives us a strong competitive edge," said O.B. Rawls IV, senior vice president, international sales, Hypercom Corp. "Rahaxi's selection of our high-security Optimum products strengthens our presence in this market."

The Optimum product family includes the T2100 payment terminal, which is a high-speed 32-bit EMV 4.0 and Visa PED-certified device with an integrated EMV-compliant smart card reader, built-in printer, large memory to accommodate multiple applications, support for multiple languages and currencies, hand-over countertop design and graphical interface that guides customers through transactions with clear prompts.

The Optimum P2100 from Hypercom delivers superior processing power through its 32-bit technology and multi-application architecture. Its flexible design offers a range of chip and magnetic stripe card reader combinations, and supports use in both hand-held and countertop environments. Other Optimum models for merchants include the M2100 mobile payment terminal, which uses wireless GSM or GPRS communications to transact payments for mobile businesses such as pizza delivery, sporting events, market traders, shopping kiosks and taxis.

ABOUT Hypercom Corporation

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.
For more information, please visit www.hypercom.com

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 or http://www.rahaxi.com.

ABOUT EMV and PCI

EMV is an international standard, developed in response to certain types of bank card fraud. In time, EMV will replace the magnetic strip with a chip all over the world, on both credit cards and other bank cards. This will change some payment transactions. The name EMV stands for the initiating organisations, namely the former Europay, and the international organisations MasterCard and Visa.

PCI/DSS is a set of industry-wide requirements and processes (instituted by Visa, MasterCard, Diners, AMEX, JCB and Discover) that ensure the security of valuable cardholder account data. PCI DSS includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures.

SOURCE: FreeStar Technology Corporation.