JetPay Corporation Names Gene M. Valentino as Chief Strategy Officer, Payment Processing Segment

October 11, 2016

Berwyn, PA- October 11, 2016 – JetPay Corporation (“JetPay” or the “Company”) (NASDAQ: JTPY), a leading provider of debit and credit card processing services, payroll and human capital management, and prepaid card services, announced today that Gene M. Valentino has been named Chief Strategy Officer for its Payment Processing operations.

Prior to being named Chief Strategy Officer of our Payment Processing Segment, Mr. Valentino was Founder and CEO of JetPay’s most recent acquisition, CollectorSolutions, Inc. (“CSI”). The addition added both significant expertise and depth in the fast-growing government, utilities, and non-profit channels to the JetPay portfolio. CSI’s introduction of Magic™, an exciting new cloud-based technology platform which provides a full, omni-channel electronic bill presentment and payment facility, raised the bar in payment technology.

“Mr. Valentino is uniquely qualified to fill this important leadership role … Gene is an experienced payments leader and entrepreneur. His ability to recognize trends and deliver trans-formative solutions in niche markets will be of great benefit to his new role.”

by Diane Faro, CEO of JetPay

Mr. Valentino, in addition to founding CSI in 1999, was a Commissioner of Escambia County, Florida, an elected office he held from 2006 to 2014. Mr. Valentino also obtained one of the first rural cellular telephone company licenses from the Federal Communications Commission and was president of Cellular 2000 Telephone Company (known as “CellularOne”) in central California. As a hobby, he has also produced Hollywood films.

“I’m energized to take on these new responsibilities for JetPay,” commented Mr. Valentino. “This is an exciting time in the payments industry. Every day the landscape is changing and I look forward to charting new courses and finding opportunities that will expand JetPay’s current market segments.”