JetPay's CEO Diane Faro Honored with Distinguished Payments Professional Award

CENTER VALLEY, PA--(Marketwired - May 15, 2017) - JetPay Corporation ("JetPay" or the "Company") (NASDAQ: JTPY) announced today that Diane (Vogt) Faro, Chief Executive Officer of JetPay has earned one of the highest honors in the payments technology industry, winning the prestigious Distinguished Payments Professional award from the Electronic Transactions Association ("ETA"). Faro joined JetPay as CEO in May 2016, after serving on the Company's board of directors since 2014. During her tenure the Company has seen record growth in mobile and online transactions.

ETA, the international trade association for the payments technology field, announced the winner this week in Las Vegas at TRANSACT, the group's annual conference. Distinguished Payments Professional, selected by the ETA Awards and Recognition Committee, is awarded for outstanding service to the association and contributions to the industry.

JetPay is a fast-growing financial technology company that 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 country.

"Diane is one of the most respected leaders in the financial services industry and is driving new strategic directions at JetPay that enhance sales, marketing, product development, operations and partnerships," said Larry Stone, a JetPay board member, investor and industry influencer. Mr. Stone continued, "She is truly a trailblazer, and her vision propels us forward every day."

Faro is a past president of ETA (2004-2005) and has served as an ETA board member for the past seven years. She is one of the co-founders of Women Networking in Electronic Transactions (WNET), a premier professional organization for women in the payment industry. She also holds advisory positions with both Visa and MasterCard, providing leadership direction and financial oversight focused on future payments and financial services.

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 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, 2016, the Company's Quarterly Reports on Forms 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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