CARROLLTON, Texas--(BUSINESS WIRE)--Nov. 5, 2013-- JetPay™ Payment Services, a division of JetPay Corporation (“JetPay” or the “Company”) (NASDAQ:JTPY), is pleased to announce the hiring of Jeffry A. Beene as Senior Vice President for Risk Management. Mr. Beene has over 20 years of expertise within the merchant acquiring industry. JetPay Payment Services is an industry leader in providing end-to-end payments processing. Known for its advanced technology platform and superior customer care, JetPay Payment Services along with its sister company, JetPay Payroll Services, now offers a complete line of vertically integrated financial solutions to businesses across the country including payment processing, payroll and tax filing, human resource management, and prepaid card services.
Trent Voigt, President and CEO of JetPay Payment Services, comments on Beene's arrival: “Jeff comes to us with a world of experience in the payments industry. He is well known as a visionary and results-oriented risk and operations executive. Jeff has notable strengths at managing systematic investigations, implementation of ”˜back office' systems, loss prevention, and compliance. He smoothly integrates these talents with insuring customer satisfaction, and optimizing workflow and relationship building with other key executives of the company. We are very happy to be able to benefit from his talents.”
Prior to his appointment to JetPay Payment Services, Mr. Beene spent almost nine years in executive positions including: Chief Compliance Officer and Executive Vice President at NetSecure Payments, Executive Vice President of Operations at FrontStream Payments and President and Chief Compliance Officer at Pipeline Data Processing. Prior to these positions, he was the Vice President of Security and Compliance for Genpass Technologies Inc. and Director of Security at Gensar Technologies, both companies headed by JetPay Corporation's Chairman, Bipin C. Shah.
Mr. Beene is extremely active as a payments industry leader. He is one of the founding members of the Merchant Acquirer Committee (MAC) which provides universal risk management solutions through ongoing communication and cooperation among acquirers and card associations. He is actively involved with the Electronic Transactions Association (ETA) served on the ETA's risk and fraud management committee as its vice-chairman, and also served on government relations, industry relations and new member committees. Mr. Beene was also active as an executive advisory board member for the International Association of Financial Crimes Investigators (IAFCI). He helped to establish the Federal Trade Commission's Internet Investigation Training for Credit Card Industry Members program and has served on Visa USA and MasterCard International's fraud reduction committee and counterfeit reduction committee.
About JetPay Corporation
JetPay Corporation, based in Berwyn, PA, is a leading provider of vertically integrated solutions for businesses including card acceptance, 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 U.S. 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.
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 filed Annual Report on Form 10-K as amended, for the transition period ending December 31, 2012 and the Company's Quarterly report on Form 10-Q for the quarter ended June 30, 2013.
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.
Source: JetPay Payment Services