The card processor of choice for China Unionpay

Rahaxi Processing Oy, Finnish-based wholly-owned subsidiary of FreeStar Technology Corp., an international card payments processor and technology company is going to partner with Natixis Paiements to process card payments for China Unionpay (CUP) transactions.

The solution of Rahaxi Processing Oy is to serve as an on-line real-time local connection point between Acquiring Banks and China Unionpay network.

The Rahaxi Managed Network option provides merchants with an automated secure key exchange protocol for message and PIN encryption. The Rahaxi Managed Network exercises fraud checks and culls cards with invalid or expired details, or cards involved in suspicious activity. The system developed by Rahaxi Processing is extremely flexible and offers a reliable and comprehensive interface to the acquiring community.

"When you factor in that Rahaxi is the only vendor in Finland having the highest security standards for Visa and MasterCard coupled with providing transactions for China Unionpay, you can see that we are aggressively moving our business plan forward to take advantage of market opportunities," says Dr. Jose Enrique Perez, Managing Director of Rahaxi Processing Oy.