JetPay Payment Services Hires New CIO

JetPay has hired Nancy Ann Barnhart as Chief Information Officer, bringing with her more than 20 years experience in the payments industry. Most recently at American Express, Barnhart began her payments industry career at Gensar Technologies, later known as Chase Paymentech, where, over a ten year span, she became a Senior Director, first of their data center then in the Advanced Product Group, which she redesigned to focus on the needs of value-added resellers. She next founded her own Independent Sales Organization – Integrated Card Systems – where she obtained funding to buy a major merchant portfolio. Eventually, this business was turned over to a business partner. Ms. Barnhart then turned her talents to a Senior Director position at Heartland Payments Systems, where she performed product management for card associations and proprietary gateways. Ms. Barnhart joined American Express in 2011 as Senior Manager of Strategy and Business Development for fee-based products, where she managed business development efforts for FX International Payments, Merchant Financing and other fee-based revenue programs. M

USA Technologies Announces Shareholders Voting Results

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, announced that IVS Associates has tabulated and certified the voting results for the USAT 2012 Annual Meeting of Shareholders held on June 28, 2012. USAT shareholders have elected all nine of the Company’s director nominees”Deborah G. Arnold, Steven D. Barnhart, Joel Brooks, Stephen P. Herbert, Albin F. Moschner, Frank A. Petito, III, Jack E. Price, William J. Reilly, Jr. and William J. Schoch – to the USAT Board of Directors.

Shareholders Elect USA Technologies Director Nominees

USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self’serve, small’ticket retailing industries, announced that at its Annual Meeting of Shareholders, and based on the preliminary vote count provided by its proxy solicitor, shareholders have elected all of the Company’s director nominees, consisting of Deborah G. Arnold, Steven D. Barnhart, Joel Brooks, Stephen P. Herbert, Albin F. Moschner, Frank A. Petito,III, Jack E. Price, William J. Reilly, Jr. and William J. Schoch.

USA Technologies Provides Additional Insight on Dissident Shareholder

USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, sent a letter to shareholders providing additional insight on dissident shareholder Bradley Tirpak, as well as the destruction of shareholder value at Direct Insite Corp., after a group of shareholders, including Tirpak, took control of the board. The…

USA Technologies Appoints New Director

USA Technologies cashless payment and M2M telemetry solutions appointed Albin F. Moschner to its board of directors, making him the ninth member of the USA Technologies board. Moschner comes to USA Technologies most recently as chief operating officer of Leap Wireless International, responsible for all operating activities of the company. He grew this company’s customer count from 1.5 million to 5.5 million. Prior to this, he was president, Verizon Card Services for Verizon Communications, where he managed the company’s prepaid card business- growing it over $100 million- as its credit card business”a $4 billion portfolio. Moschner holds a Bachelor of Engineering degree from the City College of New York, as well as a Master of Science degree from Syracuse University.

USA Technologies Board Member Resigns in Wake of Ethic Violations

USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, announced that Bradley Tirpak, a former board member, has delivered a notice purporting to nominate himself and six other individuals as director candidates at USA Technologies’ 2012 annual meeting of stockholders. After USAT received Mr. Tirpak’s notice, USAT initiated contact with him in order to explore whether a resolution could be reached that would be in the best interests of USAT and its shareholders. Unfortunately, Mr. Tirpak has indicated that he is only prepared to amicably resolve this matter if we give him and his hand-picked nominees a majority of the USAT board of directors. Under Herbert’s leadership as chairman, the USA Technologies Board of Directors has taken a proactive approach to corporate governance. In November 2011, the independent directors, including Mr. Tirpak, unanimously named Steven D. Barnhart as lead independent director, in accordance with current corporate governance best practices. In addition, three new independent directors have been named to the USA Technologies board since the beginning of 2012. Tirpak voluntarily resigned just last month from the Board of Directors after all other board members requested him to step down due, in part, to conduct they viewed to be detrimental to USA Technologies and prohibited by USAT’s Code of Business Conduct and Ethics.

USA Technologies Adds Director

USA Technologies wireless appointed Deborah G. Arnold to the Board of Directors, bringing the number of board members to nine, of which seven are independent. Ms. Arnold was VP, global consumer products at Visa International, led the global smart card migration effort, along with the development of a new payment product, Visa Horizon, for emerging markets. Prior to joining Visa, she held a variety of executive positions in the telecommunications and financial services industries. She holds a Bachelor of Arts degree from Duke University as well as certification from Universite de Lausanne in Lausanne, Switzerland.

USA Technologies Appoints Two New Directors

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries appointed Steve G. Illes and Frank A. Petito, III to the Board of Directors to fill existing vacancies on the Board. This appointment increases the Company’s Board of Directors to eight members, and the Company anticipates filling the remaining vacancy on its Board in the near future. Frank A. Petito, III is President of Orbitz for Business, and has served as Senior VP, Corporate Development. He started out as an investment banker at Morgan Stanley and was VP, mergers and acquisitions at Hambrecht & Quist, a technology-focused investment bank in San Francisco. Steve G. Illes is an entrepreneur and investor and currently co-founder of InTherapeutics, an early pioneering balloon catheter company, and also has financed start-up and new technology companies.