JetPay, a US-based card and payments processor, has named current member of the company’s board of directors Diane Faro as its new CEO, replacing Bipin Shah.

The company said that Shah will continue in his role as the firm’s chairman and a member of the board.

Faro said. "We are grateful to Bipin for pursuing his vision and building the company into what it is today. We are honoured to have him remain as our chairman and I look forward to working with him, the board, and all of our dedicated employees to help JetPay reach its potential."

Faro has been a board member since 2014 and most recently served as president of National Benefit Programs, a provider of brand loyalty and discount programmes to small to mid-size businesses.

She also held several roles at First Data Corporation, First Data Alliance Group, and Chase Merchant Services.

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