Lifetime achievement honor presented in Virginia Monday evening
ALLENTOWN, Pa., May 16, 2018 (GLOBE NEWSWIRE) — JetPay Corporation (“JetPay” or the “Company”) (NASDAQ:JTPY) announced Diane (Vogt) Faro, CEO of JetPay Corporation, was awarded the Women in Payments® Distinguished Professional Award at the fifth annual Women in Payments® USA Awards Dinner Monday evening in Arlington, Virginia. The event honors and celebrates achievements of women across the payments industry. The Distinguished Professional Award is a lifetime achievement award recognizing a leading woman who has made significant contributions to the payments industry – an acknowledged trend-setter, role model, and positive contributor.
In four decades in payment services, Ms. Faro has accumulated an impressive resume, including President of National Benefit Programs, President of First Data Global Merchant Services, and CEO of Chase Merchant Services LLC.
Ms. Faro was appointed CEO of JetPay in May 2016, after serving on its board of directors for two years. JetPay is a leading single vendor provider of vertically integrated payments, human resource and payroll solutions. Utilizing state of the art technology, JetPay designs and delivers to its customers and partners unique and cost-effective payment solutions for organizations of all sizes.
When Ms. Faro joined the Company, she brought a new vision of simplified business solutions that would unite the Company’s Payment and HR & Payroll Segments under a “One JetPay” umbrella. Under her leadership, JetPay delivered an increase in consolidated revenues of 35.0% in 2017, including a 44.5% increase in Payment Services revenues.
Ms. Faro is passionate about leadership development, with a special focus on mentoring female professionals. She is one of the founding members of Women’s Networking in Electronic Transactions (Wnet), a national organization that provides networking and growth opportunities for women in the payments industry. Ms. Faro has also served on the Wnet board since its inception in 2005.
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).
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. Many 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 filed with the SEC on March 28, 2018, 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 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.
Peter B. Davidson
Vice Chairman and Corporate Secretary
Gregory M. Krzemien
Chief Financial Officer