BillingTree Forecasts Over 20 Percent Growth in 2011

Phoenix – BillingTree, Inc, one of the nation’s leading on-demand payment processors, today announced company growth of 33 percent during 2010. In January and February 2011, BillingTree closed two consecutive record months and is confident in forecasting over 20 percent growth for 2011.

In 2010, BillingTree significantly added to its suite of solutions and grew presence in two key markets, Healthcare and Utilities. Additionally, the company won substantial orders in these markets and in 2011 has added Insurance to its list of markets served. In Q1, BillingTree launched a new generation ofmobile payment solutions which it is rolling out across all industry segments during 2011, significantly driving its strong growth forecasts.

“A recent report from the AITE Group forecasts the number of bills paid with a mobile device is set to grow by 377 percent over the next three years,” commented Scott McCollum, BillingTree’s president. “BillingTree is set to take advantage of this with our mobile payments suite of solutions, and penetration into the new and rapidly growing markets of Healthcare, Utilities and Insurance.”