JetPay Announces New Additions to the Sales Leadership Team

Center Valley, PA- April 3, 2017 - JetPay Corporation (NASDAQ: JTPY), a leading provider of payment processing services, payroll and human capital management services, and related card services, announces today the additions to the sale leadership team. Loee Matousek joins as Senior Vice President of Channel Partnerships, Greg Axelrod joins as Vice President of Independent Software Vendor (ISV) Sales, and Wes Walker as Vice President of Direct Sales.

"The experience Loee, Greg and Wes bring to JetPay adds significant depth to our Partnerships and Direct Sales channels...”

by Vincent Breault, JetPay President of Sales.

“The experience Loee, Greg and Wes bring to JetPay adds significant depth to our Partnerships and Direct Sales channels,” states Vincent Breault, JetPay President of Sales. Breault continues, “With the number of opportunities we are seeing in the ISV, government and financial industries, keeping up is not enough. Having Payment Industry Top Talent at JetPay is a must to meet the demands of our rapidly evolving market.”

Loee Matousek, SVP Channel Partners
Loee Matousek
SVP Channel Partners.

Loee Matousek brings a broad range of experience to JetPay, including executive sales, relationship management, and partnership business development at large payment organizations. Additionally, Loee served as Vice President-Merchant Services at Cardinal Commerce, a Visa company, as well as First Data where she served as Business Development Director on the Enterprise Accounts and Channel Partnerships teams.

In addition to her fifteen years in the payment industry, Loee worked as a Financial Planning and Analysis executive at CBIZ and Picker International, in Cleveland, Ohio.

Greg Axelrod, VP ISV Sales
Greg Axelrod
VP ISV Sales.

A veteran of the Payments industry for 30 years, Greg brings 20 years of dedicated sales experience in the payments arena specializing in ISV/software channel partnerships as well as sales leadership.

Greg served in several functions at First Data, including being their District Sales Manager. Following First Data, Greg spent 12 years with Sage Payment Solutions where he grew their integrated partner channel and achieved President’s Club recognition 9 times. Most recently at Direct Connect, Greg worked with Bank and Reseller partners to develop new revenue streams.

Wes Walker, VP Direct Sales
Wes Walker
VP Direct Sales.

Wes will lead JetPay’s In-House and Field Sales teams. Wes brings a broad range of experience, including direct sales, sales management, recruiting, and training. Wes’ most recent role was leading the inside sales team for Worldpay. Prior to Worldpay, Wes served in several capacities at Encore, an EVO company, such as National Sales Manager and Director of ISO/Field Agent recruiting, training and relationship management.

About JetPay Corporation

JetPay Corporation, based in Center Valley, 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.

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 Annual Report filed with the Securities and Exchange Commission (“SEC”) on Form 10-K for the fiscal year ended December 31, 2015, the Company’s Quarterly Reports on Forms 10-Q and the Company’s Current Reports on Form 8-K.

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.