JetPay Of Berwyn Names Diane Faro To Its Board Of Directors

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JetPay® Corporation of Berwyn, a provider of prepaid Visa cards, recently appointed Diane Vogt Faro to its board of directors.

Faro replaces Arthur Ryan, who resigned in October. She brings to the board more than 30 years of management experience in the industry.

“Diane is a respected and knowledgeable business leader who will bring new insight and enthusiasm to our board,” said Bipin C. Shah, chairman and chief executive officer of JetPay Corporation. “We are very pleased to benefit from her knowledge of the payments industry, which will be valuable in our efforts to fulfill our corporate mission.”

Faro is currently president of National Benefit Programs, a provider of discounted business services and a private consultant to the payments industry. Previously, she was president of Global Merchant Services at First Data Corporation, which processed over $30 billion in transaction volume and had more than $100 million in annual revenues. Faro was also the chief executive officer of Chase Merchant Services from 1997 to 2002.

Faro said she is excited to assist the organization as it anticipates growth.

“JetPay Corporation is a thriving technology company on the verge of what I believe will be great growth in the payments industry.” she said.

The company’s new money access card (MAC) is geared toward employees and employers who are clients of JetPay’s payroll processing business, JetPay Payroll Services. Employees, friends and families of these businesses are being invited to make MAC the card they use for their everyday shopping, budgeting and bill payment.

The MAC is a general purpose reloadable prepaid card used like a checkless checking account, and JetPay anticipates the card should have compelling and broad appeal to consumers with or without a bank account.

 

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