PHOENIX, Jan. 30, 2014 /PRNewswire/-- BillingTree®, one of the nation's leading on-demand payment processors, outperformed in calendar 2013 securing over 44% growth including new accounts from larger ARM customers while also making inroads within the fast growing Auto Finance market. The company, which celebrated its 10 year anniversary in 2013, also saw continued growth from additional vertical markets, including healthcare.
In an environment where regulatory compliance was a key concern for many organizations, 2013 also saw the launch of BillingTree's Compliance Suite, introduced in late November to clarify, simplify and automate the payment compliance process. The suite includes a dynamic knowledge portal containing timely compliance information, offers automated training including best practices and assessments, plus access to leading complaint resolution management systems.
The suite was conceived following the BillingTree 2013 survey of industry Operations Managers which revealed significant concerns related to compliance, specifically new hurdles brought on by the CFPB (Consumer Financial Protection Bureau) and its impact on the market's growth potential.
"As BillingTree enters its second decade, the company's vision 'to simplify the often confusing world of electronic payments' continues to resonate" commented David Roberts, President and CEO, BillingTree. "In a year that saw substantial regulatory enforcement and change, our Customer First program and Compliance Suite initiatives were widely appreciated by customers coping with ever increasing compliance requirements. We're excited to continue supporting our customer's growth and challenges in 2014."
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 our customers eliminate manual processes and automate their payment cycles. BillingTree – Your Growth is our Business. For more information, visit www.mybillingtree.com or call 877.4.BILLTREE.
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