AMSTERDAM, NETHERLANDS - ChronoPay, B.V. the leading European Online Payment Services Provider, announced that is has formed a strategic partnership with Trusted Shops, a European organization, which reassures consumers of the safety of making purchases over the Internet by providing a Seal of Approval for Online retailers.

ChronoPay, B.V. a leading Online Payment Services Provider, specializing in European Merchant Accounts and Transaction Processing announced dynamic growth statistics in all relevant categories of the company's operation from 2004 to 2005.

ChronoPay, B.V. a leading Online Payment Services Provider, specializing in European Merchant Accounts and Transaction Processing announced the restructuring of its Risk Management Operations. After an extensive and detailed review of existing policies and procedures, it was determined that an overhaul would dramatically increase efficiencies in the New Merchant Approval Process, as well as in the monitoring of active Merchants.

ChronoPay, B.V. a leading Online Payment Services Provider, announced the expansion of its workforce and the opening of two new offices to support the substantial growth the company experienced in 2005.