BillingTree Extends its Executive Leadership Team with two new Vice President Appointments

Liz Caracciolo appointed as Vice President of Corporate Development
Richard Knowles promoted to Vice President of Finance 

Phoenix, Ariz. - September 20, 2012 - BillingTree, one of the nation's leading on-demand payment processors, today announced two major VP appointments to further enhance its executive management team. Liz Caracciolo joins as Vice President of Corporate Development, responsible for extending and augmenting the company's partnership and strategic alliances program. Richard Knowles, the company's Controller, has been promoted to Vice President of Finance after four years in the company. The announcements follow the recent appointment of David Roberts as President and CEO, with the mission to spearhead the company's next period of substantial growth.

Caracciolo brings 20 years' experience in a variety of business development and customer facing roles. Prior to joining BillingTree, Caracciolo worked as the Director of New Product & Service Development at Bank of America Merrill Lynch's Equity Plan Business.  She was previously the Director of Marketing and Client Services at Equity Methods, where she was responsible for leading and developing the company's key business partnerships to optimize growth, including companies such as Merrill Lynch, Charles Schwab and the Bank of New York/Mellon.

"I'm excited to be joining BillingTree at such an important time of growth for the company," commented Liz Caracciolo, BillingTree's newly-appointed VP of Corporate Development. "I look forward to continuing the company's success as part of the expanded leadership team, while working with our partners and strategic alliances to further extend our existing and new vertical expansion within the electronic billing and payments landscape."
Richard Knowles, the company's Controller, has been appointed to a newly created role as Vice President of Finance. Knowles has been with BillingTree for four years, and prior to joining the company, spent time within finance departments from a number of multi-billion dollar companies, including KB Homes and Safeway.

"BillingTree has sustained a lengthy period of above target performance and with these additions has established a well qualified senior team to continue this trend," added David Roberts, President and CEO. "Liz's extensive experience in managing and developing business partnerships is a core component of our plan to scale the business. I welcome her in her new position. With the promotion of Richard Knowles, the company recognizes the critical role Finance plays with such aggressive growth expectations in place and his experience and proven tenure made him the obvious choice for this newly created responsibility."

BillingTree supplies the leading fully integrated, multi-channel electronic payment platform to a growing list of Industries, including Insurance, ARM and the collection agency space, Utilities, such as power, cable, municipal, and phone, as well as Healthcare, Hospitals, Physician Groups plus Subscription-billed services. Benefits of electronic payment solutions include an accelerated availability of consumer funds, reduced costs associated with manual-payment processing, improved cash management, and integrated processing by managing all payments, returns, and corrections through a single portal.

Related News:

BillingTreeAppoints David Roberts as new President & CEO

BillingTreeAchieves Record 46 Percent Revenue Growth

BillingTree Appoints Matt Llewellyn as VP Sales for Healthcare Market

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 2,000 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.

# # #

All trademarks are the property of their respective owners.