Rahaxi, Inc (fka RHXI)

[Kurupt]

EXPERT???? UK's Leading Electronic Banking Expert Joins Advisory Board for Rahaxi Processing Oy

DUBLIN, Ireland, July 1 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT - News), an international card payments processor and technology company, today announced the appointment of one of the UK's leading electronic banking experts, John Hardy to FreeStar's subsidiary Rahaxi's Advisory Board.

John Hardy is one of the UK's leading electronic banking experts. He became the Chief Executive of LINK Interchange Network Ltd in 1989, following six years as Head of Business and then Head of Automated Banking at Girobank where he was responsible for both the development and operation of all consumer electronic services, including Electronic Funds Transfer at Point of Sale (EFTPoS) systems and home banking.

Under John's direction, LINK has become the UK's national cash machine network with 47 banking and building society and Independent ATM deployers as members. During 2007 the LINK network processed 2.8 billion transactions via 65,000 ATMs. John retired in 2007, having overseen the merger of the company with Voca, operator of the BACS network, to create VocaLink. John is also the founder and Chairman of the European Switches Forum+. John is a dynamic speaker at numerous conferences in the UK and abroad on electronic banking.

"John's credentials in executive leadership and organizational governance are a perfect fit for our Advisory Board," said Paul Egan, CEO of FreeStar and Chairman of Rahaxi. "Our Advisory Board is a laboratory for fresh thinking about the payment industry issues, and I'm sure his perspectives will encourage all of us to think about how we can meet our clients' and shareholders' needs better than ever before -- and better than anyone else."

"We are delighted to have someone of John's international payment industry experience join our Advisory Board," said Paul Warren, European Sales Director. "The expertise and insights he has gained into the many challenges of the payment processing industry today will be extremely valuable to us in serving the needs of both new and existing clients."

Source: FreeStar Technology Corporation