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JetPay Ensures Direct Air Passengers They Will Receive Refunds

Dépèche transmise le 23 mars 2012 par Business Wire

CARROLLTON, Texas--(BUSINESS WIRE)--JetPay, a Dallas-based payment services provider and developer of JetPay™, a suite of payment transaction processing solutions, today reacted to the collapse of Direct Air, the public charter airline, assuring passengers they are prepared to handle all refunds.

“All consumer funds are deposited in to a Department of Transportation escrow account to protect consumers in this exact situation. JetPay also carries catastrophic charge-back insurance to be able to easily deal with these kinds of rare occurrences and will cover any shortfalls if any exists within the escrow account.”

Last week, Direct Air moved to suspend operations, canceled scores of flights at the height of the spring break travel season, and filed for bankruptcy protection. At the same time, JetPay filed a motion – joined by the Department of Transportation, American Express, and Merrick Bank – to ensure that their federally required credit card escrow account would be separated from the bankruptcy funds.

“JetPay filed this motion to protect consumers and their charge-back rights,” said JetPay president Trent Voigt, explaining further, “All consumer funds are deposited in to a Department of Transportation escrow account to protect consumers in this exact situation. JetPay also carries catastrophic charge-back insurance to be able to easily deal with these kinds of rare occurrences and will cover any shortfalls if any exists within the escrow account.”

Voigt continued, "It is unfortunate that Direct Air's customers were abandoned as they were. JetPay stands behind its customers and is wholly solvent with the right insurances in place to make sure all valid credit card charge backs are covered.”

About JetPay, LLC

JetPay, LLC is the 8^th largest payment processing company in the U.S., comprised of industry specialists fully conversant in POS and order-entry software applications, systems integration, data networking, and communications technologies. Developer and manager of its own UNIX-based platform, JetPay™ provides credit card authorization, capture, and a full menu of related services designed to handle payment processing of ‘high speed need’ clients. JetPay, LLC maintains a business development and account support center in Dallas, focusing on meeting the payments acceptance needs of credit card merchants across the globe.