WhereDaily News: JetPay Corporation Announces CollectorSolutions Merger

BERWYN, PA--(Marketwired - February 24, 2016) - JetPay® Corporation ("JetPay" or the "Company") (NASDAQ: JTPY), a leading provider of ecommerce debit and credit card processing, payroll and human capital management, and prepaid card services, today announced the signing of a merger agreement with CollectorSolutions, Inc. ("CSI"), a Pensacola, Florida based debit and credit card processing company. CSI is expected to bring approximately $700 million of annual credit and debit card processing volume and approximately $4.50 billion of annual e-check processing volume to JetPay. On a combined basis, the Company will serve over 15,300 merchants throughout the United States.

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