Personify and JetPay Announce Strategic Partnership
June 14, 2018
Agreement brings additional services to online merchants
Allentown, PA—June 14, 2018 – JetPay Corporation (“JetPay” or the “Company”) (NASDAQ: JTPY), a leading provider of payment processing services, human capital management, payroll and payroll tax services, and Personify, a leading technology solutions provider for nonprofit organizations that includes associations, charities and health and wellness organizations, have announced a strategic partnership.
The partnership includes the JetPay payment processing platform, which is now integrated into the popular Personify360 solution. The package is aimed at member-focused organizations looking for solutions to grow and manage their memberships and business. As a JetPay strategic partner, Personify clients have an integrated solution that allows them to deliver omnichannel payments safely and securely online and through mobile devices.
“JetPay excels in recurring and online payments, which is a significant part of our business model and the markets we serve,” said David Cooper, Chief Technology Officer of Personify. “Our strategic partnership with JetPay allows our customers to provide an efficient and seamless digital experience to their members.”
Personify and JetPay share several YMCA clients, an important focus as the two companies move forward with their strategic partnership. The integration of services offers a unique opportunity to streamline the onboarding of additional YMCAs, JCCs and community health and wellness organizations.
“JetPay is thrilled to partner with Personify and continue to grow our businesses together,” said JetPay CEO, Diane (Vogt) Faro. “The shared focus on nonprofits and health and wellness creates a valuable opportunity for both companies in serving this growing market.”
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