# JetPay

JetPay is an Asset Manager based in Center Valley, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Center Valley, United States
- **Region:** North America
- **Address:** Center Valley, PA, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** jetpay.com
- **LinkedIn:** https://www.linkedin.com/company/144182

## Regulatory record

- **Reports private funds:** No

## About

JetPay is a provider of debit and credit card processing, payroll, tax filing, human capital management, and prepaid card services. Founded in 2010, the company is based in Allentown, Pennsylvania. It was acquired by NCR Corporation on December 6, 2018.

## Sectors

- FinTech
- Enterprise Software

## Offices

- Kansas City, KS

## People

- Bipin C. Shah — Chairman and Chief Executive Officer

## Questions

### Who established JetPay and what was the firm's original strategy?

Bipin C. Shah, a payments industry veteran who consulted on the Heartland Payment Systems IPO, founded JetPay in 2003 as a publicly traded roll-up of payment processors and payroll providers. The original strategy was to combine merchant acquiring, a proprietary payment gateway, and prepaid-card payroll services — creating a vertically integrated platform that served both the transaction-processing and human-capital needs of mid-market businesses. Shah served as Chairman and CEO throughout the firm's pre-acquisition history.

### What happened to JetPay after the NCR deal closed?

NCR Corporation acquired JetPay in December 2018 for $184 million in an all-cash transaction. The deal retired JetPay as an independent public company and integrated its merchant-acquiring and payment-gateway platforms into NCR's enterprise point-of-sale and digital-banking ecosystem. The payroll and HR-services unit was also absorbed, positioning NCR to bundle employee-management tools with its retail and hospitality hardware.

### What did JetPay's revenue model look like as a standalone firm?

Revenue came principally from transaction-based fees on credit-card, debit-card, and ACH processing for a base of thousands of small and mid-sized merchants, supplemented by recurring subscription fees from its payroll and HR-services division. At peak, JetPay was processing roughly $10 billion in annual transaction volume, with additional income from prepaid-card programs distributed through employer clients. This split between volatile card-processing fees and steadier payroll subscriptions gave JetPay a more diversified income profile than many pure acquirers.

### In which verticals did JetPay have the most merchant coverage?

JetPay's merchant portfolio concentrated on brick-and-mortar retail, quick-service and full-service restaurants, and e-commerce merchants — all classic high-transaction-volume environments for card processing. The firm also had meaningful exposure to field-services businesses and professional-services firms through its payroll relationships, which often served as the entry point for converting an employer's HR client into a merchant-processing client.

### How did JetPay connect to the major card networks?

JetPay maintained direct certifications with Visa, Mastercard, and major debit networks, meaning its proprietary gateway routed transactions without relying on third-party processor gateways for connectivity. This direct certification gave the firm more control over authorization speeds and interchange optimization, features it marketed to mid-market merchants as comparable to what much larger acquirers offered. The network-certification status also made JetPay an attractive tuck-in target for an enterprise acquirer like NCR.

## Related profiles

- [ProrateSmart](https://altss.com/profile/proratesmart)
- [EZbuildingEHS](https://altss.com/profile/ezbuildingehs)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/jetpay

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology