The JetPay Corporation (NASDAQ: JTPY) is a dynamic and growing business solutions company that offers innovative and technologically advanced products for the payments, payroll and prepaid card industries. JetPay Corporation began in 2010 as Universal Business Payments Solutions Acquisition Corporation (UBPS), a company whose mission was to provide secure, low-cost payment solutions to businesses nationwide. In December of 2012, UBPS began to fulfill that mission by acquiring two operating companies: JetPay LLC, a real-time, end-to-end card and ACH processor and merchant account provider (now known as JetPay Payment Services); and A D Computer Corporation, a comprehensive payroll and benefits services provider (now JetPay Payroll Services). The Company was renamed JetPay Corporation in August 2013 to better reflect our core competencies – delivery of fast, secure, and reliable payment services. In early 2014, JetPay launched our third primary business line, JetPay Card Services, designed to provide low-cost money management services to unbanked and under-banked consumers and to employees of JetPay customers.
The strength of JetPay's operating platform's advanced technology provides competitive advantages and flexibility, allowing the Company to accelerate growth and expansion. We continue to leverage our technology by adding design features that our customers request, along with focusing on the security and reliability of JetPay payments products. To help manage our growth, JetPay has recruited experienced new managers with an extensive history and expertise in introducing innovative solutions in the payments industry. They have been added to our strong team already in place to assemble one of the best management teams in the country. The JetPay objective is to provide speed, convenience, and security for consumer transactions, for the benefit of businesses of every size, their customers, and their employees.
JetPay Corporation is uniquely positioned to provide an unmatched offering of service and to achieve growth because of its vertical integration capabilities, its expert staff, and its comprehensive set of solutions for our customers. Today, we are making JetPay one of the most recognizable and valued names in business services. Most importantly, we are focused on increased value and cost reductions for our customers while increasing shareholder value.