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| Acquiring bank partner receives cross-border license |
| Wednesday, 24 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
JSC ChronoPay, founded by the company ChronoPay BV (Netherlands) is a clear market leader in online payments. ChronoPay processing platform is integrated into the system a number of European and Russia acquiring banks that allows you to arrange an appointment with a bank card payment major payment systems such as VISA, Master Card, American Express, JCB and Diners Club. Universal payment platform ChronoPay can also work with the major types of electronic money in Russia (Yandex.Money, WebMoney, etc.) and around the world (MoneyBookers, AliPay, etc.).
For more information please contact:
Shai Meijers
Marketing Manager EU
Phone: +31 20 79 40110
Email: s.meijers@chronopay.com
Lidia Golikova
Communications director (Russia)
Phone: +7 495 780 3060
Email: l.golikova@chronopay.com
