BillingTree Shows 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.


  • CNP Fraud Attempts up 30% in 2015, EMV to Blame? - Nov. 19, 2015
    CNP Fraud Attempts up 30% in 2015, EMV to Blame?

    The volume of fraud attempts rose 30 percent from 2014 to 2015, lending support to concerns that the transition to EMV in the U.S. will shift fraud for retailers from in-store counterfeit fraud to card-not-present fraud, according to a new analysis from ACI Worldwide.

  • Square Sets Expectations for IPO - Nov. 9, 2015
    Square Sets Expectations for IPO

    Square, a pioneer for small-merchant credit-card acceptance, said it expects a price range for its initial public offering of between $11 and $13 per share, which would yield a top-end valuation of $4.2 billion, according to an SEC filing.

  • Startup Betting on Better Passwords - Nov. 2, 2015
    Startup Betting on Better Passwords

    While biometrics are gaining momentum as the next wave in authentication technology, an Athens, Ga.-based startup says passwords aren't going anywhere and that it has developed a more secure way to leverage them for online payments or account opening.

  • EC Seeking Feedback on Cross-Border VAT Rules - Oct. 1, 2015
    EC Seeking Feedback on Cross-Border VAT Rules

    The European Commission (EC) is inviting businesses, industry groups and members of the public from around the world who engage in European cross-border e-commerce to help identify ways to simplify the Value-Added Tax (VAT) on those kinds of transactions.




Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:





CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here