Rahaxi, Inc.’s Finnish Subsidiary Rahaxi Processing Oy Achieves Full PCI DSS 1.2 Compliance

3rd consecutive year of full PCI-DSS compliance demonstrates commitment to deliver secure services to its clients

HELSINKI, May 12 /PRNewswire-FirstCall/ — Rahaxi, Inc. (OTC Bulletin Board: RHXI) an international card payments processor and technology company, today announced that its wholly owned subsidiary, Rahaxi Processing Oy has successfully renewed its PCI-DSS compliance in Finland. This achievement of PCI compliance demonstrates that Rahaxi has met the stringent compliance requirements of the Payment Card Industry Security Standards Council (https://www.pcisecuritystandards.org/).

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.

Vivian Duff, Business Manager of CEMEA Region at Sysnet Ltd. commented: “Achievement of PCI-DSS 1.2 proves that Rahaxi has followed international best practices to properly protect the sensitive cardholder data and minimize risk of financial losses to the cardholders and/or the companies that are storing, processing or transmitting the cardholder data.”

He also added: “This certification attests to the integrity and security of Rahaxi’s systems and environment. It provides independent verification that Rahaxi’s information-handling processes have undergone in-depth audits by a vendor neutral Qualified Security Assessor, such as Sysnet. This is the third consecutive year that Rahaxi has been assessed and certified, thus demonstrating a consistent track record for maintaining the highest levels of certification for those operating in the Payment Card Industry. Sysnet congratulates Rahaxi on achieving the PCI-DSS certification and demonstrating its commitment to deliver secure services to its clients.”

Ciaran Egan, Chief Financial Officer, added: “The successful renewal of PCI-DSS compliance by Rahaxi for a third consecutive year further demonstrates our continued investment in our technical infrastructure together with our continuous commitment to meeting the leading standards in the payment industry. It clearly provides confidence to our expanding customer base and assures our clients that we are continuing to deliver high quality solutions inline with international best practices. PCI-DSS compliance is an important factor in assisting the Company in achieving consistent future revenue growth.

About Sysnet Ltd.

Sysnet Ltd. helps organizations to meet today’s challenges by providing a full range of services for assessing and assuring PCI DSS compliance. Our services include PCI DSS Assessments, Audits, Vulnerability Scanning, Penetration Testing and Payment Application Best Practice Assessments.

For more information visit www.sysnet.ie or email info@sysnet.ie

About Rahaxi Incorporated

Rahaxi, Inc. 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. Rahaxi, Inc. 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.rahaxi.com

    For more information, please contact:

    At Rahaxi, Inc.
    Fionn Stakelum
    f.stakelum@rahaxi.com

    At Sysnet Ltd.
    Mr. Vivian Duff
    Business Manager CEMEA
    Tel:  +353 1 495 1300

SOURCE Rahaxi, Inc.