Significant Growth in 2010
March 7, 2011
As it enters its 8th year, on-demand payment processor BillingTree,
Inc. said it grew 33 percent during 2010. In January and February 2011,
BillingTree closed two consecutive record months and predicted 20 percent
growth for 2011. The company said much of its growth last year came in two key
markets, Healthcare and Utilities. "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," said Scott McCollum, president of BillingTree.
"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." During 2010 BillingTree increased
its staff by 25 percent and added key technology developments, including
Pre-funded accounts, PaynCash and Debit Cards Only.