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JETPAY CORP (JTPY)
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JetPay : CEO Diane (Vogt) Faro Inducted into ETA Hall of Fame

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10/12/2018 | 06:31pm CEST

Inaugural class recognized during organization’s Strategic Leadership Forum

ALLENTOWN, Pa., Oct. 12, 2018 (GLOBE NEWSWIRE) -- JetPay Corporation ("JetPay" or the "Company") (NASDAQ: JTPY) announced today that the Electronic Transactions Association (“ETA”) has named CEO Diane (Vogt) Faro to the ETA Hall of Fame, established this year to recognize members who have made significant and lasting contributions to the financial services industry.

Ms. Faro was among eight honorees recognized by ETA during the 2018 Strategic Leadership Forum Hall of Fame breakfast, held October 3rd in Dana Point, California. Other industry leaders to achieve recognition include the mind behind the early development of Visa and the founder of Diners Club International.

“Diane Faro is an innovator who has shaped the modern payments industry with her expertise in business strategy and exceptional ability to lead others,” said Jason Oxman, CEO of ETA. “She is a trailblazer and a role model for both current and future generations of payment professionals. We are proud to welcome Diane to our inaugural Hall of Fame class.”

Ms. Faro became CEO at JetPay in May 2016, after serving on the company’s board of directors for two years. Before joining JetPay, she was president and partner of National Benefit Programs, which provides brand loyalty and discount programs for small to midsized businesses. Ms. Faro served as President of Global Merchant Services at First Data from 2005 to 2009, where she was responsible for over $1 billion in annualized revenues. From 2002 to 2005, she served as Alliance Group President for First Data Merchant Services, where she led strategic direction and was responsible for annualized revenues in excess of $600 million on processing volumes of $350 billion. Prior to that, Ms. Faro served as CEO of Chase Merchant Services for five years.

In 2005, Ms. Faro cofounded Women Networking in Electronic Transactions (“Wnet”) and has been a member of the Wnet board since its inception. She is a past president of the Electronic Transaction Association (2004-2005) and served as an ETA board member for nine years.

Ms. Faro also is a recipient of the 2018 Women in Payments Distinguished Professional Award and 2017 ETA Distinguished Payments Professional Award. For the complete list of Hall of Fame inductees, visit the ETA website.

FOR MORE INFORMATION

Peter B. Davidson                                                                    
Vice Chairman and Corporate Secretary
Peter.Davidson@jetpaycorp.com                                          

Gregory M. Krzemien
Chief Financial Officer
Gkrzemien@jetpaycorp.com

About JetPay Corporation

JetPay Corporation, based in Allentown, PA, is a leading provider of vertically integrated solutions for businesses including card acceptance, processing, payroll, payroll tax filing, 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, 2017, 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 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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Source: JetPay Corporation

2018 GlobeNewswire, Inc., source Press Releases

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Financials ($)
Sales 2018 63,4 M
EBIT 2018 2,51 M
Net income 2018 -11,2 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 0,50x
Capi. / Sales 2019 0,44x
Capitalization 31,6 M
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Number of Analysts 1
Average target price 3,00 $
Spread / Average Target 46%
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Managers
NameTitle
Diane Faro Chief Executive Officer & Director
Laurence L. Stone Chairman
Micheal Collester Chief Operating Officer
Gregory M. Krzemien Chief Financial Officer
John C. Crouch Chief Information Officer
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