Founded in 1990, JetPay processes more than 20 billion in transactions domestically with a rapidly growing international group of merchants, to which they offer payment services and features, including batch processing, high-speed authorization, check guarantee and check conversion, split automated clearinghouse transactions, fraud protection and 24-hour customer service. The company's services can be developed and executed according to the specific needs of each individual merchant.

"According to comScore, U.S. online sales are up 12 percent to $27.5 billion so far this holiday shopping season compared with a year ago," said Manuel Montero, founder and chief executive officer of SafetyPay. "As SafetyPay looks to expand our reach within the U.S. market, JetPay's established presence will enable us to roll out our payment solution to their existing merchant base."

"Access to a superior suite of alternative payment options is very important to our merchant base," said Coy Lynch, vice president at JetPay. "JetPay is expanding rapidly in the U.S. as well as the European, Asian, Australian and Latin American markets. With the addition of SafetyPay, we have a risk-free, worldwide payment platform that provides additional value and compliments our product offering."