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.

These new policies and procedures will be implemented by a team of Risk Management experts, whose primary objective is to identify and eliminate fraudulent activity. The Risk Management team will oversee the New Merchant approval procedures described above, as well as more closely monitor the transactions of active Merchants.

"The restructuring of ChronoPay's Risk Management operations will decrease incidents of fraud and abuse, which is a fundamental principal in creating stability for any Internet Transaction Processor, said Denis Nazarov, ChronoPay's Director of Communications. "A professional and experienced Risk Management Department is an essential service, which provides enormous benefits to ChronoPay, as well as our Merchant and their customers."