China UnionPay has certified Rahaxi Processing Oy., a wholly owned subsidiary of FreeStar Technology Corp., an international card payments processor, as its third party service provider. This allows Chinese visitors to use their CUP credit and debit cards during their visits to Europe.

The certification means European bank acquirers will process CUP transactions at their merchant terminals and at their ATM’s. The acquirers already enrolled and the ones in current negotiations with Rahaxi Processing for the use of the gateway account for hundreds and thousands of merchant point of sale (POS) and ATM locations in: Ireland, UK, France, Italy, Greece, The Netherlands, Finland, Romania, Ukraine and Czech Republic. ( PRNewswire )