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Recent press releases
| Acquiring bank partner receives cross-border license |
| Thursday, 25 January 2007 | |
| AMSTERDAM, THE NETHERLANDS – ChronoPay, one of the leading European Internet Payment Service Providers, announced today that one of its major European acquiring partners has received the prestigious cross-border license for the processing of Visa and MasterCard payments. An acquiring bank is able to issue merchants accounts and allows merchants to accept credit and debit card payments in their online store. This acquiring bank is now not only able to serve their domestic market, but can also accept merchants from every European country. “For ChronoPay, this development represents the significant step in its aggressive strategy to capture market share in the European market”, said Ivan Glazachev, Vice President of Global Marketing. “We are now able to offer our payment solutions at even more competitive rates. Most acquiring banks provide Merchant Accounts to businesses, which specialize in industries the bank has come to understand and feel comfortable with. They often provide less restrictions, better fees and faster approvals for Merchants in those industries. Because ChronoPay is associated with many European acquirers, we are able to match a merchant with the acquiring bank which offers the lowest processing fees.” |
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About ChronoPay
ChronoPay is one of the leading Internet Payment Service Providers on the European market. Headquartered in Amsterdam, The Netherlands, the company enjoys an exceptional track record of growth. Whether you are setting up a new e-business or adding e-commerce to an existing business, ChronoPay can provide you with secure, flexible and cost effective online payment processing solutions.
For more information please contact
Ido Schiferli
Marketing Manager EU
Phone: +31 20 79 40110
Email: schiferli@chronopay.com
Alexey Chernyaev
PR Department Director
Phone: +7 495 780 3060
Email: a.chernyaev@chronopay.com
Elena Sorokina
Public Relations Manager
Phone: +7 495 780 3060
Email: e.sorokina@chronopay.com
