BillingTree Enlists IP Commerce to Expedite Merchant Boarding Services

PHOENIX, Dec. 15, 2011 /PRNewswire/ -- BillingTree®, one of the nation's leading on-demand payment processors, has selected IP Commerce Inc., developers of the industry-leading open platform for commerce to assist with merchant boarding. The IP Commerce Merchant Boarding service will deliver to BillingTree and their clients an improved application process, resulting in expedited access to payment processing services for new merchant account applications.

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Specifically, the IP Commerce technology will enable clients to submit documents online, and will also interface with Sales and Client Services teams so they can easily see the status of the application and underwriting processes; and take appropriate measures to expedite when necessary.

"Working with IP Commerce will not only drive value to BillingTree's clients, it will also streamline the process for employees when moving them through on-boarding and opening new accounts," commented Randy Phelps, COO of BillingTree. "As a result, companies will be able to begin processing payments much sooner than was previously possible, and consequently bring added benefits to their customers in providing fast and flexible payment options."

BillingTree supplies the leading fully integrated, multi-channel, electronic payment platform to a growing list of Industries, including Insurance, Utilities, such as power, cable, municipal, and telecom, as well as Healthcare and 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.

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About IP Commerce

Based in Denver Colorado, IP Commerce provides a Platform-as-a-Service (PaaS) which functions as an OS for commerce. The IP Commerce Platform enables developers to create customized, multi-channel commerce applications and workflows that allow retailers to support their customers across all touch points. IP Commerce enables customer-driven software companies and application developers to develop customized, scalable solutions for their most innovative retail partners, who require new ways to create and enhance consumer relationships. IP Commerce maintains partnerships with some of the world's most respected financial institutions and software companies. Leading investors, including Meritage Funds, Venrock, Intel Capital, Vantiv, LLC, TTV Capital, and Iron Gate back the company. For more information visit www.ipcommerce.com

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

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