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CompanyProfile

MLS/ISO contact:
Loee Matousek
Senior Vice President Channel Sales
loee.matousek@jetpay.com
214-217-7114

Full-scale financial solutions

rom five U.S. locations, JetPay, an NCR compa- added, "Together, NCR and JetPay bring tremendous
ny, operates as a payment processor and human value to our clients as a go-to enterprise solution that will
resources/payroll (HRP) technology company, deliver integrated products and services that are more
F serving small, midsize and large businesses. cost-effective, stable and secure. We are now a single-
The firm develops payment and HRP solutions for source provider our customers can trust, end to end."
web, mobile and cloud-based environments, supporting
thousands of clients nationwide. JetPay offers vertically Growth-minded leadership
integrated solutions for corporations and government Faro assumed the CEO post at JetPay in May 2016, having
entities in the form of credit card acceptance, payment served on the company's Board of Directors for two
processing, prepaid card services, and payroll/human years. When Faro joined the company, she brought a new
capital management, available via card-present and card- strategy for simplified business solutions that would unite
not-present formats. the company's payment and payroll segments under the
One JetPay umbrella. Through her leadership, JetPay has
JetPay noted it is one of only 15 processors with both seen improved revenues and EBITDA (earnings before
front-end and back-end systems connected directly to interest, taxes, depreciation, and amortization) for eight
the card networks. The company employs 220 people and consecutive quarters.
has an annual revenue of more than $56 million. In 2017,
JetPay processed $6.8 billion in HRP, $5.3 billion in card Faro's strategy for JetPay includes continued investment
payments and $5.2 billion in e-check volume. It specializes in technology to meet changing demands of the payments
in building and enhancing strategic partnerships within and payroll industries, thereby delivering better,
the financial industry, with an objective of saving time faster, scalable platforms. Faro has overseen significant
and money for both clients and their customers. investments in management, technology and products,
inspiring new growth in each of the company's business
"JetPay has always focused on taking great care of our segments, the company noted. "Our acquisition by NCR
customers, creating value for our stockholders, delivering dramatically expands our capabilities in these areas and
innovative solutions and growing our market reach," said allows us to continue our promise to make the complex
Diane (Vogt) Faro, JetPay chief executive officer. simple for businesses," Faro said. "Additional POS
Twenty years strong solutions and a full suite of human capital management
solutions are strengthening the company's ability to
JetPay LLC formed in 1999 and was acquired by Universal cross-sell services and positioning JetPay for tremendous
Business Payment Solutions in 2012. UBPS also acquired growth."
the payroll and tax filing company AD Computer
Payroll Co. earlier that year. In 2013, UBPS rebranded to Constant innovation
JetPay Corp. and later acquired ACI Merchant Systems, JetPay noted that over its 20-year history, its innovations
expanding its financial institution payment partnerships. have included everything from development of the first
JetPay then acquired CollectorSolutions Inc. in 2016, commercially used virtual terminal, to proprietary
adding gateway technology and the government/utility tokenization, multitiered networking, dynamic
verticals to its service portfolio. descriptors, split-payments, and more.

In October 2018, NCR Corp., a self-proclaimed leader in In recent years, the company has also positioned its
banking and commerce solutions, acquired JetPay. NCR digital solution set within the government payments
stated the $184 million acquisition was made to, "enable arena, resulting in new payment contracts with state-level
NCR to integrate a cloud-based payments platform into jurisdictions and release of a white-label mobile payments
its enterprise POS solutions for the retail and hospitality application for governments. As far as the future, Faro
industries, accelerating the company's strategy, and said, "NCR, with the addition of JetPay, will expand
increase recurring revenue growth through an enhanced products and services bundled to include hardware,
mix of software and services." Brian Hurdis, senior vice software, marketing, HRP and payment processing to
president and general manager, NCR Merchant Payments, meet digital demands first."

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