AMSTERDAM, NETHERLANDS - March 8, 2006 - ChronoPay, B.V. a leading European Online Payment Services Provider, and 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, have formed a strategic partnership. Both have committed to a strategic relationship, which will further the objective of safe Online shopping for European Internet consumers.

The Trusted Shops Seal of Approval has come to represent Europe's most highly regarded indicator of quality for Internet Retailers. When making a purchase from Online Shops displaying the Seal, consumers throughout Europe are insured of a money-back guarantee, cover against non-delivery and non-refund of online purchases, mediation of disputes between the consumer and retailer, as well as a host of other services and warranties.

The Trusted Shops system is currently spreading across Europe, with particular focus on the United Kingdom, Germany, France, Belgium, The Netherlands and Scandinavia. Today there are over 1,400 Internet retailers operating under the Trusted Shops security standard, with the numbers growing daily.

ChronoPay is perfectly positioned as the premier Online payment processor for European Web Shops, to work with Trusted Shops to increase the number of certified sites, provide transaction and fraud oversight, as well as to promote the initiative of safe Online shopping for European Internet consumers.

"Our new relationship with Trusted Shops has many layers of synergy. ChronoPay has always been committed to a safe, secure Online shopping experience for our Merchants and the consumers who support them. Our Alliance with Trusted Shops offers a tremendous opportunity for ChronoPay to advance those goals by promoting the Trusted Shops Seal of Approval program to our Merchants", said Ivan Glazachev, ChronoPay's Director of Business Development.

About ChronoPay B.V.

ChronoPay B.V. (ChronoPay) is an Internet Payment Service Provider headquartered in Amsterdam, Netherlands. ChronoPay provides a variety of billing services, including traditional third party billing services, as well as Internet Merchant Account (IMA) acquisition, consulting and PSP transaction gateway services. ChronoPay enlists state-of-the-art proprietary technologies, which include CHRONOMETHOD and CHRONOTICKETS, software systems designed for advanced fraud screening and client support. For more information please call Denis Nazarov at 007 495 780 3060 or visit ChronoPay's Website at: http://www.chronopay.com 

For media and public relations you can also contact:

ChronoPay BV,
Ido Schiferli MSc
Marketing Manager EU
+31 20 7940110
schiferli@chronopay.com