BillingTree, an on-demand payment processor, named Liz Caracciolo as vice president of Corporate Development, responsible for extending the company’s partnership and strategic alliances program, and promoted company Controller Richard Knowles to vice president of Finance.

The moves follow the recent appointment of David Roberts as president and CEO.

Caracciolo has 20 years of experience business development and customer facing roles. She worked as the director of New Product & Service Development at Bank of America Merrill Lynch’s Equity Plan Business. She previously was the director of Marketing and Client Services at Equity Methods, responsible for developing the company’s key business partnerships, including with companies such as Merrill Lynch, Charles Schwab and the Bank of New York/Mellon.

Knowles has been with BillingTree for four years, and previously spent time within finance departments at several 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,” says Roberts. “Liz’s extensive experience in managing and developing business partnerships is a core component of our plan to scale the business. 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 fully integrated, multi-channel electronic payment platforms to a growing list of industries - including Insurance, Accounts Receivable Management and the collection agency space.

Benefits of electronic payments 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.

BillingTree recently announced it has again exceeded growth targets.

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