– USA, PA – JetPay Corporation (NASDAQ:JTPY) announced today the appointment of Mr. Robert Frankfurt to its Board of Directors, effective October 30, 2017. Mr. Frankfurt will also serve as a member and as chairman of the Company’s Audit Committee. Mr. Frankfurt was appointed to the board to fill the vacancy created by the resignation of Fredrick S. Hammer in August 2016 and will serve as a director until the expiration of Mr. Hammer’s term in 2019.
Mr. Frankfurt founded Myca Partners, Inc., an investment advisory services firm, in 2006 to invest in small cap U.S. public and private companies. Prior to forming Myca, Mr. Frankfurt spent more than a decade as a partner and senior portfolio manager at various investment partnerships. Mr. Frankfurt recently served on a number of public company boards, including Handy & Harman Ltd. (NASDAQ:HNH), an industrial products technology company, which was sold in October 2017 to Steel Partners Holdings L.P., Jive Software, Inc. (NASDAQ:JIVE), a global provider of communication and collaboration solutions for businesses and government agencies prior to its sale to ESW Capital, LLC for $462 million in June 2017, and Peerless Systems Corp (NASDAQ:PRLS). Mr. Frankfurt began his career as a financial analyst in the mergers and acquisition department of Bear, Stearns & Co. and later joined Hambro Bank America as an associate focused on mergers and acquisitions and venture capital transactions. Mr. Frankfurt graduated from the Wharton School of Business with a B.S. in Economics and received an MBA from the Anderson Graduate School of Management at UCLA.
We believe that Mr. Frankfurt, with a career of over 30 years in assisting senior management and providing board leadership for numerous companies, including NASDAQ companies in the technology and payment processing industry, will bring valuable expertise to our organization in the areas of strategic direction, financing strategies, acquisitions, and overall industry expertise. “We are extremely excited to have Rob join our Board,” said Diane (Vogt) Faro, JetPay’s Chief Executive Officer. “His diverse experience and expertise as a principle investor, board leadership roles, capital raiser, business strategist and his focus in technology, marketing, and payment processing will be of tremendous value to our Company.”
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.
For more information : http://www.jetpay.com
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