Business

JetPay agreement could mean more jobs for Pensacola

February 6, 2017

JetPay Corporation announced today that it has entered into an agreement with the Office of the Illinois State Treasurer to become the payment processor for the State’s E-Pay program. The agreement could mean more jobs in the Pensacola area, its payment segment, formerly CollectorsSolutions, is headquartered in Pensacola.

The Illinois agreement is for an initial term of six years with four one-year renewal options. Revenues under the agreement are expected to begin in the fourth quarter of 2017.

Today the state’s E-Pay program has approximately 600 participants, including agencies at all levels of the Illinois State and locaChief Strategy Officer of its Payments segmentl government, with card processing volumes expected to exceed $600 million annually.

JetPay will plans to expand E-pay services and add additional government entities throughout Illinois during the term of the agreement.

“This is a tremendous opportunity for JetPay and our shareholders, and a validation of the value of our acquisition of CollectorSolutions (now JetPay Payment Services, FL) in June of last year” commented Diane Faro, CEO of JetPay.

“Our JetPay Payment Services, FL operation provides us an exciting new technology platform, ‘MAGIC,’ which we believe is the clear leader in government and utility payment services with its ease of use, its ability to integrate with our customers’ software and its real-time reporting engine. We believe these capabilities were a key element in JetPay being awarded this opportunity with the State of Illinois.”

Ms. Faro continued, “The combination of JetPay’s reputation for service, along with our advanced credit and debit card processing technology, especially with the addition of the MAGIC Platform, will allow JetPay to continue to win business in the government, utility, and other industries that require a flexible and expandable processing platform.”

Collectors Solution was founded by former Escambia County Commissioner Gene Valentino, who serves as the Chief Strategy Officer of JetPay Payments Services.

You Might Also Like

No Comments

Leave a Reply

Read This Before Leaving a Comment

Please make sure your comments follow our guidelines:

  • Please use real name - first and last names.
  • No foul language (please). Comments that are obscene, vulgar or sexually oriented will be removed. Creative spelling of such terms or implied use of such language is banned, also.
  • Do not threaten to hurt or kill anyone.
  • Be nice. No racism, sexism or any other sort of -ism that degrades another person.
  • Harassing comments. If you are the subject of a harassing comment or personal attack by another user, do not respond in-kind. Email Rick: Rick@inweekly.net. The comment will be deleted asap.
  • Share what you know. Give us your eyewitness accounts, background, observations and history.
  • Do not libel anyone. Libel is writing something false about someone that damages that person
  • Remember, this is my site. I set the rules and reserve the right to remove any comments that I deem inappropriate and to ban anyone who violates these rules.

Comments that do not adhere will be deleted or marked as SPAM.