|[February 20, 2014]
JetPay Payment Services and LifeMed ID Sign Processing Contract for Medical Services Kiosks
CARROLLTON, Texas --(Business Wire)--
JetPay® Payment Services, a division of JetPay Corporation
("JetPay" or the "Company") (NASDAQ:JTPY) and LifeMed ID are pleased to
announce an agreement to process financial and data transactions for
LifeMed's patient kiosks.
JetPay is a nationally recognized transaction processor, pre-paid debit
card issuer and payroll and tax filing specialist. LifeMed ID is the
U.S. industry leader in integrating the use of patient smart cards and
biometric devices into the healthcare workflow providing instant, secure
and private information exchange between caregivers, medical facilities
and patients. LifeMed ID has engaged JetPay as their provider of choice
for LifeMed's newest product -- the medical services kiosk. This kiosk
is expected to streamline hospital and office check-ins and to provide
life-saving data to doctors, as well as allow easy bill payments.
The check in process in non-LifeMed ID-user hospitals and clinics can be
a tedious and time consuming process using clipboards, filling out
repetitive and, in many cases, redundant forms. Often, there are
multiple registrations within the same facility; largely a manual and
error prone process. The LifeMed kiosk can now be placed in doctor's
offices and hospitals or clinics to provide a number of key,
self-service transactions. Patients can sign-in for appointments using
their LifeMed ID which contains all of their patient records and
identity verifications. The kiosk can also read and bill from insurance
data on the card. Patients can pay their co-pay and finish paperwork
items in moments. This frees staff to attend to medical, not regulatory
concerns. Strategically placed kiosks for surgical and medical procedure
check-ins may eliminate life-threatening mistakes that rely on patients'
memories for important health reporting.
For its part, JetPay customized a solution for the specific needs of
LifeMed ID. JetPay offers this flexibility in its payments and
processing environment to many companies that require individualized
payments options. JetPay is known for providing transparency in its
clear statements, fee structure, and attention to the specific needs of
their customers' applications. JetPay is also one of the first
processors to offer a one payment scale for all card transactions,
including American Express (News - Alert) cards.
Trent Voigt, CEO of JetPay Payment Services, commented: "LifeMed
processes about $58 million in transactions annually for which we will
providing our processing services. We are hoping to expand this
relationship quickly as LifeMed ID realizes the benefits of working with
one provider for multiple business services. As a vertically integrated
provider of business services from payment processing to payroll
processing, we can work quickly to solve problems and provide innovative
solutions." He added: "Even more importantly, we believe the LifeMed
kiosks, in combination with their ID cards and our transaction
processing innovations, may provide a life-saving benefit to consumers."
David Bachelor, CEO of LifeMed adds: "We selected JetPay due to their
ability to customize functionalities to meet our requirements for our
kiosks. JetPay already had most of our concerns accounted for, and they
custom-built bridges so processing would go smoothly. They also
understood the rigorous programming specifications, and epedited the
development process to meet our expectations. As a result, we will be
live initially in March and fully by July, 2014. We value JetPay's
relationship and their commitment to bringing our kiosk solution to the
Initially, LifeMed ID will be fully automating several hospitals and
large doctors' offices. There are plans to gradually roll out the kiosks
to the customer base, which has grown to 200 hospitals in 26 states
serving over 3,000,000 patients. There are over 120,000 preventable
deaths a year caused by medical mix-ups in paperwork, wrong medications,
and wrong procedures. LifeMed ID and JetPay Payment Services hope to
have real influence in cutting this number dramatically over the next
years. For more information about JetPay solutions, call Shauna
Meyer-Reimers, Vice President for VAR sales, at 720-244-0070. For
information on LifeMed sales call 916-677-8431 or email at email@example.com.
About LifeMed ID
LifeMed ID's Patient Identity company based in Citrus Heights,
CA (News - Alert), addresses specific healthcare industry challenges such as confirming
patient identity, registration bottlenecks, clipboard registration,
duplicate records, registration errors, and an increased need for a
higher level of privacy and security. LifeMed ID is the U.S. industry
leader in integrating the use of patient Smart cards and biometric
devices into the healthcare workflow providing instant, secure and
private information exchange between caregivers, medical facilities and
patients. This system has proven to dramatically increase patient
satisfaction as well as greatly improve operational efficiencies and
eliminate costly errors. Patient safety is improved with the virtual
elimination of overlaid medical records which is the root cause for
erroneous medical procedures and wrong medications.
About JetPay Corporation
JetPay Corporation, based in Berwyn, PA, is a leading provider of
vertically integrated solutions for businesses including card
acceptance, processing, payroll, payroll tax filing and other financial
transactions. JetPay provides a one vendor solution for payment
services, debit and credit card processing, ACH services, and payroll
and tax processing needs of businesses throughout the U.S. The Company
also offers low-cost payment choices for the employees of these
businesses to replace costly alternatives. Its 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 recurring payments.
About JetPay Payment Services
JetPay Payment Services, a division of the JetPay Corporation,
headquartered in Carrollton, Texas, a suburb of Dallas, is a premier
provider of a front-end and back-end credit card, check, and mobile
payments processing, specializing in technology solutions for the
e-commerce and card-not-present marketplace. JetPay Payment Services
supplies full processing and acquiring services for some of the largest
e-commerce sites on the web today. The company offers processing
services to banks, sales organizations, and businesses of every size.
Please visit www.jetpay.com,
for more information on what JetPay has to offer.
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 latest filed
Annual Report on Form 10-K as amended, for the transition period ending
December 31, 2012 and the Company's Quarterly report on Form 10-Q for
the quarter ended September 30, 2013.
JetPay cautions that the foregoing list of factors is not exclusive.
Additional information concerning these and other risk factors is
contained in JetPay's most recent filings with the Securities and
Exchange Commission. 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.
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