SOURCE: JetPay Corporation


December 20, 2016 09:00 ET

JetPay Corporation to Provide Advanced Payment Solutions to Golf Courses Nationwide

CENTER VALLEY, PA--(Marketwired - December 20, 2016) - JetPay Corporation ("JetPay" or the "Company") (NASDAQ: JTPY), a leading provider of debit and credit card processing services, payroll and human capital management services, and prepaid card services, announced today that GolfNow will integrate JetPay's payment solutions as an option for its partner golf facilities throughout the United States. The partnership will allow golf courses utilizing GolfNow's point-of-sale software to access JetPay's fast, highly secure, payment platform with industry-leading response and uptimes.

GolfNow, an affiliate of Golf Channel, is a technology company specializing in golf-related products and services with the most powerful tee time marketplace in the world. As the leading provider of online tee times, golf course technology, and service solutions, GolfNow serves more than 9,000 golf courses worldwide. GolfNow is dedicated to growing the game of golf for players of all ages and skill levels by keeping them connected any time of day to their favorite courses and tee times through the web, e-mail and mobile apps for iPhone and Android -- even when the course is closed.

"We're excited to add JetPay as a payment solution partner, providing our golf course partners with another strong option to help them maximize revenue opportunities," said Will McIntosh, senior vice president of business development and strategy, Golf Channel.

"I look forward to the partnership with a high-quality organization like GolfNow," states Michael Collester, COO of JetPay. He adds, "There is a natural synergy between the two companies. Both strive to tailor products and build solutions that enhance the consumer experience. The partnership will give golf course operators access to advanced payment products that are truly flexible, secure, and designed to fit their needs."

About JetPay Corporation

JetPay Corporation, based in Center Valley, PA, is a leading provider of vertically integrated solutions for businesses including card acceptance, payment processing, payroll, payroll tax filing and human capital management services, and other financial transactions. JetPay provides a single vendor solution for payment services, debit and credit card processing, ACH services, and payroll and human capital management needs for businesses throughout the United States. The Company also offers low-cost payment choices for the employees of these businesses to replace costly alternatives. The Company's vertically aligned services provide customers with convenience and increased revenues by lowering payments-related costs and by designing innovative, customized solutions for internet, mobile, and cloud-based payments. Please visit for more information on what JetPay has to offer or call 866-4JetPay (866-453-8729).

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. JetPay's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside JetPay's control and are difficult to predict. Factors that may cause such differences include, but are not limited to, our continued compliance with the financial and other covenants of the instruments governing our indebtedness and those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") for the fiscal year ended December 31, 2015 and the Company's subsequent Quarterly Reports on Forms 10-Q.

JetPay cautions that the foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in JetPay's most recent filings with the SEC. All subsequent written and oral forward-looking statements concerning JetPay or other matters and attributable to JetPay or any person acting on its behalf, are expressly qualified in their entirety by the cautionary statements above. JetPay cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. JetPay does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

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