CARROLLTON, Texas--(BUSINESS WIRE)--JetPay® Corporation (“JetPay” or the “Company”) (NASDAQ: JTPY) is pleased to announce on behalf of its subsidiary, JetPay Payment Services, the hiring of Nancy Ann Barnhart as Chief Information Officer. Ms. Barnhart brings more than 20 years of experience in the payments industry to her new position, most recently at American Express.
Ms. Barnhart began her payments industry career at Gensar Technologies, later known as Chase Paymentech, where, over a ten year span, she became a Senior Director, first of their data center then in the Advanced Product Group, which she redesigned to focus on the needs of value-added resellers. She next founded her own Independent Sales Organization – Integrated Card Systems – where she obtained funding to buy a major merchant portfolio. Eventually, this business was turned over to a business partner. Ms. Barnhart then turned her talents to a Senior Director position at Heartland Payments Systems, where she performed product management for card associations and proprietary gateways.
Ms. Barnhart joined American Express in 2011. She worked as Senior Manager of Strategy and Business Development for fee-based products, where she managed business development efforts for FX International Payments, Merchant Financing and other fee-based revenue programs. Ms. Barnhart also managed the brand implementation for American Express’ new acquisition program where acquiring partners can provide direct processing, settlement and payments to merchants doing under $1 million in American Express Card transactions through certified processors. JetPay Payment Services was one of the first processors to certify on the program and performed the first transaction in November, 2013. JetPay markets its program under the brand name OneCall™.
Ms. Barnhart received her education from El Paso Community College and the American Institute of Banking. She also studied data communications at AT&T and Tandem Computer systems at Tandem. She holds numerous certifications and awards and is a member of the National Association of Professional Women, W-Net, ETA, and many credit card associations. She currently volunteers for the American Leukemia and Lymphoma Society, where she does fund raising for the charity.
Bipin C. Shah, Chairman and CEO of JetPay Corporation commented: “We feel very privileged to have Nancy on our management team. She is a true innovator in the payments industry. With her expertise in strategic planning and team building, as well as her knowledge of programming, we expect JetPay’s platform to continue to be one of the most responsive and versatile in the industry. Nancy’s attention to customer requirements will also allow us to build enhancements faster and with continued efficient service to our customers.”
Ms. Barnhart commented on her arrival at JetPay: “I was looking for an innovative and growing company that offers a broad range of payments services to customers of all sizes. I wanted a company where I could be a significant contributor to its continued growth plans and success; where I could play a key role in molding the technical platform and product base into one of the best in the industry. JetPay offers these opportunities along with the excitement of working with some of the real pioneers in the payments industry. I look forward to helping them continue to move the bar for our business and our customers.”
About JetPay Corporation
JetPay Corporation, based in Berwyn, PA, is a leading provider of vertically integrated solutions including card acceptance, transaction 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. Its 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 recurring payments.
About JetPay Payment Services
JetPay Payment Services, a division of the JetPay Corporation, headquartered in Carrollton, Texas, a suburb of Dallas, is a premier provider of a front-end and back-end credit card, check, and mobile payments processing, specializing in technology solutions for the e-commerce and card-not-present marketplace. JetPay Payment Services supplies full processing and acquiring services for some of the largest e-commerce sites on the web today. The company offers processing services to banks, sales organizations, and businesses of every size. Please visit www.jetpay.com, www.jetpaycorporation.com, and www.jetpaypayroll.com, for more information on what JetPay has to offer or call 866-4JetPay (453-7729).
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 latest Annual Report filed with the Securities and Exchange Commission (“SEC”) on Form 10-K for the fiscal year ended December 31, 2013, 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.
