RAHAXI Processing Company Profile

Keeping ahead of new payment mandates and technologies is a challenge for all participants in the payments industry. RAHAXI is fully committed to staying ahead of the curve and providing advanced delivery systems for real-time, online transaction handling and a suite of complementary payments solutions. Whether customers want traditional or emerging payments processing, RAHAXI delivers solutions to support credit, charge, debit, e-commerce, private label, smart card, stored value, multiple application, and wireless transaction capture and routing.

In December 2006 RAHAXI achieved full PCI/DSS certification from VISA-Europe, becoming one of the first companies
in the Nordic region fully in compliance with the new data security standard affecting the whole payments industry
worldwide. RAHAXI's wealth of knowledge in merchant transaction services is a cornerstone to thousands of customers. Our team of payments professionals ensure fast, secure, low-risk, and powerful payment processing so merchants can focus on: marketing and promotional campaigns, customer satisfaction, sales growth, and financial management. We enable
business customers to consistently achieve retail success by making the most of card acceptance benefits. RAHAXI has demonstrable commitment to its home market and Nordic region. In addition to expansion to new markets, we have continued our investment in intellectual capital and other resources in Finland and Sweden. Strategic relationships with all Finnish banks, CEK ab (Sweden), EMV/Smart Card payments support and certification, multicurrency processing, end-to-end solutions, terminal management services, and enhancement of our customer service operations enables Rahaxi to provide the best possible products and services to its clients and partners.

CASE STUDY

FIRST CURRENCY CHOICE, EUROLINE AND GLOBAL REFUND

Global Refund, First Currency Choice (FCC) and Euroline have embarked on a new partnership to take the card payment experience for international shoppers to a new frontier. In this partnership, Global Refund eliminates the cumbersome and time consuming paper work associated with writing and processing VAT Refund certificates; FCC provides competitive exchange rates for international shoppers to pay in their home currency at the point of sale, and Euroline provides collection of authorisations and acquiring services.

This project which services international Visa and MasterCard cardholders travelling anywhere in Europe, required a global partner that would provide the following services:

• Terminal Software Development
• Dynamic Currency Conversion application
• EMV payment application
• TFS application development
• Terminal Services
• POS hardware procurement
• POS hardware deployment (installation & training)

POS hardware management and support (local & remote)

The three partners established a rigorous RFP process to identify a global partner with the experience and proven track
record needed to ensure a successful project. After careful consideration, Rahaxi through its wholly owned subsidiary Rahaxi Processing Oy, was the clear choice.

This was based on a number of factors:

• Extensive experience in card payment processing throughout Europe
• Experience and expertise developing First-to-Market POS applications
• Exclusive relationships with leading POS and terminal world-class manufacturers
• Multi-lingual team of experts able to communicate in customers’ own language
• Track record of successful project delivery
• Innovative thinking and insight adding to project ideas

Rahaxi immediately understood the importance of this project carefully studied the requirements and proposed an innovative and exciting solution. Rahaxi proposed a multi-phase project deployment with the POS terminal application being developed in a multi-host configuration. The modular approach allowed existing applications to continue to run in their own environments without conflict. This leverage on existing investment further encouraged acceptance of the proposal and enhanced the solution appeal.

Why Rahaxi?

Successful Project

Rahaxi immediately understood the importance of this project carefully studied the requirements and proposed an
innovative and exciting solution. Rahaxi proposed a multi-phase project deployment with the POS terminal application
being developed in a multi-host configuration. The modular approach allowed existing applications to continue to run in
their own environments without conflict. This leverage on existing investment further encouraged acceptance of the
proposal and enhanced the solution appeal.