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Former Heartland Payment Systems Executive -- Jeffrey S. Tourek -- Joins JetPay Payment Services as Executive Vice President of Sales

CARROLLTON, Texas, March 11, 2014 /PRNewswire/ -- JetPay® Payment Services, a division of JetPay Corporation ("JetPay" or the "Company") (NASDAQ:JTPY) is pleased to announce the appointment of Jeffrey S. Tourek as Executive Vice President and National Sales leader.  Mr. Tourek comes to JetPay from Heartland Payment Systems where he was Executive Director for Major Accounts.  His addition is part of the Company's efforts to increase its national presence among all of its product lines.  This effort has included the addition of Ralph Bianco as General Manager for JetPay's prepaid card programs; the Company's hiring of Wayne Hart to head National Sales for JetPay Payroll Services; and the addition of a National Sales Manager for JetPay Card Services to be announced later this month.

JetPay Payment Services appoints Former Heartland Payment Systems Executive, Jeffrey S. Tourek, as Executive Vice President of Sales

JetPay Corporation is a nationally recognized payments processor for all major payment cards, with vertically integrated services for businesses that include prepaid debit cards, payroll services and related payroll tax filing, and human resource management.  JetPay offers a unique blend of hi-tech transaction processing with customizable solutions for a wide swath of business needs.  Customers of JetPay include businesses, banks, Independent Sales Organizations ("ISOs") and Value-Added Resellers ("VARs").   JetPay Payment Services' technology platform handles all types of payment transactions including swiped cards at the merchant, mobile payments, and large internet card-not-present businesses.

The addition of Mr. Tourek brings another highly experienced payments professional to the JetPay team.  After completing his education at the University of Minnesota, Jeff held various sales positions including a stint with American Express and two different opportunities with First Data Corporation, where he eventually became Vice President of National Sales.  Jeff's experience also includes directing business development and strategic relationships for Global Payments, Inc. and leading the Midwest commercial sales team for Bank of America where he expanded their product sales in payroll cards, ecommerce, and business-to-business sales.  Immediately prior to joining JetPay, Jeff was Executive Director of Major Accounts for Heartland Payment Services, where he assisted in building their national sales with a focus on large merchants in the retail, travel and entertainment, ecommerce, supermarket and petroleum vertical markets.

Bipin C. Shah, Chairman of JetPay Corporation, to whom Mr. Tourek will report, has this to say of his arrival: "Jeff brings a strong skill set to our team, including his proven management style and his track record in motivating a sales team.  I expect immediate, positive results from his arrival."   Trent Voigt, CEO of JetPay Payment Services, added: "Jeff brings in-depth experience in building national sales teams and targeting business segments that can benefit from JetPay's expertise in payments.  With his broad-based knowledge of our industry, he will be a valuable asset to JetPay Corporation as a whole, particularly in cross-selling of prepaid cards and payroll processing services." 

Mr. Tourek describes his initial focus this way: "JetPay has a unique business model which is the most flexible, strong, and responsive in the payments industry.  It is a one vendor model that covers virtually every important financial transaction that a business requires.  I am excited to bring this message to a nationwide audience in the coming months and to build our team of specialists to serve our customers."

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 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.

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 800-834-4405.

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 as amended, for the transition period ending December 31, 2012, and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, and Current Reports filed 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.

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SOURCE JetPay Corporation

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