From April 1st 2007 JSC ChronoPay will only keep on working with online mp3-shops which have NP FAIR direct agreements with majors and/or Right holders.

The Internet Payment Service Provider has announced that it will cancel offering its payment services to online music shops with ROMS (Russian Organization on Collective Management of Rights of Authors and Other Right holders in Multimedia, Digital Networks & Visual Arts) licenses, and those shops which use simultaneously both licenses.

Denis Sotin, ChronoPay’s Head of Operations says: "We have made a decision to work only with one organisation for collective copyright management. As a consequence, we shall not cooperate with shops having both licenses of NP FAIR and ROMS as it is not clear how a particular online music store may work under the two licenses. Based on market research and the conclusion of a situational analysis worked out by NAUET, the Russian association for e-trade, we have made a decision to only continue working with shops licensed by NP FAIR. This decision is based on concrete steps of NP FAIR in order to increase the transparency of its activities, including its readiness to pass financial audits, with the aim to compensate authors and Right holders.