BillingTree Exceeds Sales Targets in Q3 2011; Debuts Innovative New Products and Expands Sales Team to Service Increased Demand

PHOENIX, Nov. 16, 2011 /PRNewswire/ -- BillingTree®, one of the leading on-demand payment processors, announced continued customer growth in the third quarter and that it exceeded growth forecasts for the third consecutive quarter in 2011. In addition, the company announced the roll out of an innovative new suite of convenience fee alternatives and as a result of mounting demand from the healthcare industry, and for new products from existing customers, began recruiting for two newly created sales team roles. The company was also in high demand for content and speaking engagements throughout the quarter.

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During the quarter, BillingTree began testing a newly expanded suite of convenience fee solutions, supplying alternatives for billers seeking to offset their payment processing fees called "No Fee to Biller."  A second model, allowing for more effective management of fee revenue and reporting is called "Biller Keeps the Fee." Both enhanced models are currently in beta with expected general availability by year's end.

In recognition of the growing importance of electronic billing and payment processing in the current economic climate, BillingTree was in high demand for content and speaking engagements throughout the quarter. The company was invited to speak as subject matter experts at six utility industry tradeshows, including The American Gas Association Uncollectibles Workshop, Utility Web Week, Billing and Collections for Utilities, Credit and Collections for Utilities plus several hands on workshops titled Payments 101. In addition, two ARM Industry events offered presentations by BillingTree including the CDS CollectOne User Conference and Columbia Ultimate's Art of Success.

Recognizing greater demand and a need to service more prospective customers from within the healthcare vertical, a new Healthcare Sales Manager role was created in the third quarter and is actively being recruited for. In addition, an inside sales support position, SMB Account Manager - intended to service existing customers' needs onboarding additional BillingTree products and services, was created and is also still seeking qualified candidates. Information on all open positions at BillingTree can be found on the company's website.

"I am pleased our team is sought for its knowledge by so many regarding today's payment and billing landscape, as well as the huge interest and demand for our products from existing customers and in expanding verticals like healthcare," commented Scott McCollum, BillingTree's president. "By growing our sales team along with continuing to bring innovative new products to the marketplace, BillingTree is positioned well for exponential growth and success into the foreseeable future."

Additional BillingTree third quarter highlights include:

• Announced Conference 2011 – the company's second annual conference and golf tournament which was held in Scottsdale, AZ on November 3-4
• Selected Season For Sharing® as the benefiting charity for all proceeds raised by BillingTree's RockBlock 2011held on November 5 featuring REO Speedwagon, Tyler Bryant and the Shakedown, and Rossmore

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About BillingTree

The proven leader in on-demand payment processing, BillingTree empowers customers with competitive advantage through a simplification of the billing and receivables process. By delivering the most innovative technology while making it as easy and inexpensive as possible to accept payments, BillingTree has revolutionized the payments landscape. Our software-as-a-service (SaaS) model delivers industry-leading payment solutions, proven integration, and point-and-click simplicity. BillingTree's focus on innovation has allowed us to help more than 1,800 customers eliminate manual processes and automate their payment cycles. BillingTree – Growth is our Business. For more information, visit www.mybillingtree.com or call 877.4.BILLTREE.

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SOURCE BillingTree