Payment Processor BillingTree Announces 49 percent Year-over-Year Growth

BillingTree®, one of the nation’s leading on-demand payment processors, today announced it has again exceeded its growth targets, reporting on figures for the first quarter of 2012. The company grew 49 percent over Q1 2011 – almost double BillingTree’s 2012 forecast growth figures of 25 percent. The company currently processes over $2.5 billion of integrated, on-demand payments annually.

The success was fueled by repeat business and growth from existing clients within the Accounts Receivable Management (ARM) Industry and supported by new account acquisitions in Healthcare and Utilities. During the quarter, BillingTree also completed an important expansion into cloud based solutions with a partnership agreement to integrate its payment services with claims settlement company, Debt Resolve, Inc.

“These figures are an extremely positive indicator of the quality and range of services BillingTree offers,” commented David Roberts, BillingTree’s President. “In addition to the moves into the major verticals we have been particularly encouraged by our accelerating performance in the ARM Industry, where we have outperformed our forecasts because of our partner integrations and unique ability to offer compliant payment solutions to collection agencies.”