SOURCE: JetPay Merchant Services, LLC

March 07, 2005 13:15 ET

JetPay Merchant Services Awarded Processing Agreement by Way Technology, LLC

DETROIT, MI -- (MARKET WIRE) -- March 7, 2005 -- JetPay Merchant Services, LLC, an affiliate of Dallas-based payments services company Transactional Technologies, LLC, and the nation's leading provider of the JetPay™ suite of payment transaction processing solutions, has been awarded a multi-year credit card processing agreement by Way Technology, LLC. Under the terms of the agreement, JetPay will provide electronic check and Visa, MasterCard, American Express, and Discover card processing services for 4allmemory.com and 4allbatteries.com.

"JetPay's team of engineers and account managers have shown themselves to be as proficient in their understanding of the technology that drives our business as they've been informative about all payment-specific issues that touch us," said Jeffrey Willenbrink, chief operating officer of Way Technology, LLC. "With JetPay™, we've eliminated the cost and point-of-failure concerns that come with a gateway, and have obtained the benefit of authorization network redundancy while using a single merchant services provider."

"Our primary objective is always to assist our clients to utilize payment options and the payment process to grow revenues, reduce operating expenses and to distinguish themselves in the marketplace," said David L. Tepoorten, president of JetPay Merchant Services. "Way Technology provided an opportunity for us to deliver on our total value proposition, and we're pleased the solutions we've engineered have positively impacted the company's online and call center operations."

About JetPay Merchant Services, LLC

Detroit-based JetPay Merchant Services, LLC is "Setting the Standard in Payments Delivery"® by providing transaction processing products and Visa and MasterCard merchant account support that enable its clients to convert payments acceptance technologies into business solutions. JetPay Merchant Services is an industry specialist in merchant account acquisition and management, and deploys its recommended payment options, strategies, software and solutions for credit card, debit card, prepaid/gift card, and electronic check acceptors across North America. For more information visit www.jetpayms.com.

About Way Technology, LLC

Way Technology, LLC is "Providing Outstanding Customer Service Everyday!" to customers of its 4allmemory.com and 4allbatteries.com online brands. Way Technology's mission is to strive to provide high quality products that meet or exceed the needs of its customers through an ongoing dedication to customer satisfaction, continuous improvement and innovation.

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