SOURCE: JetPay Corporation

JetPay

October 07, 2015 09:00 ET

JetPay Enhances Management Team Through Addition of Industry Veteran Thomas Tesmer

BERWYN, PA--(Marketwired - October 07, 2015) - JetPay Payment Services, a division of JetPay Corporation ("JetPay" or the "Company") (NASDAQ: JTPY), a leading provider of debit and credit card processing for merchants, payroll/HR/TLM and prepaid card services, today announced the addition of Thomas Tesmer as Chief Operating Officer of JetPay Payment Services. Mr. Tesmer will manage the technology, transaction processing, and operations for the JetPay Payment Services division.

Mr. Tesmer brings JetPay significant expertise in the Payments business, both in merchant processing as well as consumer card issuing in the ATM environment. Over his distinguished 40 year history, he has brought creativity and innovation to various start-up and leadership roles, including positions as technical architect and director for the HONOR debit interchange switch in the early 1980s, founder and President of TransNet (now Paymentech) in the early 1990s, and executive vice president and architect of the Heartland Payment Systems payments processing platform in the 2000s. Mr. Tesmer started his career as an electro-mechanical engineer for Docutel Corporation in the early days of the automated teller machine (ATM) industry.

Mr. Bipin Shah, Chairman of JetPay comments: "I am delighted to have Tom join the team. His can-do attitude and entrepreneurial spirit brings a positive addition to the JetPay executive team. We have worked together in past successful ventures and I am confident that Tom's addition will add significantly to the ongoing success of our company."

About JetPay Corporation

JetPay Corporation, based in Berwyn, PA, is a leading provider of vertically integrated solutions for businesses including card acceptance, processing, payroll, payroll tax filing and other financial transactions. JetPay provides a one vendor solution for payment services, debit and credit card processing, ACH services, and payroll and tax processing needs of 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 www.jetpay.com 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, those described under the heading "Risk Factors" in the Company's Annual Report filed with the Securities and Exchange Commission ("SEC") on Form 10-K for the fiscal year ended December 31, 2014, the Company's Quarterly Reports on Form 10-Q and the Company's Current Reports on Form 8-K.

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 Securities and Exchange Commission. 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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