Braintree Names David Corken COO and Tracey Weinberg Senior VP Marketing

CHICAGO, IL, Feb 07, 2012 (MARKETWIRE via COMTEX) –
Braintree (
www.braintreepayments.com ), an online payments provider
that powers commerce for many of the fastest-growing and most
discerning Web 2.0, social and mobile businesses in the world,
appointed David Corken to the position of chief operating officer and
Tracey Weinberg as senior vice president of marketing.

Both Corken and Weinberg bring to Braintree years of experience in
building and operating customer-focused organizations in both the
financial technology and Web 2.0 arenas.

As COO, Corken will help Braintree maintain its high-level of
customer service as the company continues its rapid expansion. Most
recently, Corken served as chief operating officer at Total
Attorneys, a cloud-based software solutions provider for law firms.
Prior to Total Attorneys, he was vice president of operations at
Cars.com, the leading web destination for more than 10 million car
shoppers each month. He also has served in various operating
positions with CNA Financial, Deloitte Touche and Keane Consulting
Group, an IT services firm, where he was manager of the consultancy’s
financial services/insurance and manufacturing/ distribution groups.
He earned both a bachelor’s degree in finance and an MBA from the
Mendoza College of Business at University of Notre Dame.

As senior vice president of marketing, Weinberg is tasked with
driving Braintree’s accelerated growth. Weinberg joined Braintree
from iPay Technologies, a payments software provider to the U.S.
financial institutions market, where she was senior vice president of
marketing and led iPay’s online payment adoption efforts and
corporate marketing. During her tenure, the company experienced a
period of rapid growth in revenue, as marketing efforts led to a
doubling of bill pay adoption among iPay’s financial institution
clients. Prior to iPay, Weinberg was senior director of relationship
marketing at Orbitz. She earned a bachelor’s degree in finance from
the Wharton School at the University of Pennsylvania and an MBA from
the Kellogg School of Management at Northwestern University.

“David and Tracey bring experience and innovative thinking from
leading online companies,” said Bill Ready, CEO of Braintree.
“Braintree is disrupting the online payments industry by delivering
elegant developer tools coupled with a culture of providing
outstanding customer support. David and Tracey will help the company
continue to deliver on this mission while accelerating company
growth.”

Braintree’s client list reads like a Who’s Who of influential
technology companies, including LivingSocial, 37signals, OpenTable,
GitHub, Airbnb, Heroku, Engine Yard, Animoto, Shopify and
HotelTonight. Braintree is processing more than $4 billion in annual
credit card volume and is adding more than 100 new merchants a month.
Braintree’s explosive growth earned it a spot on the 2011 Inc. 500
list as the nation’s 47th fastest-growing private company, with a
three-year growth rate of 4,200 percent. Braintree ranked first in
the online payments industry. Braintree attracted a $34 million
Series A investment from Accel Partners in June 2011 after founder
Bryan Johnson profitably bootstrapped the company for four years.
Accel is one of the most respected venture firms in the world and has
invested in such well-known companies as Facebook, Groupon, Dropbox
and Rovio, the creator of Angry Birds.

About Braintree
Braintree helps online and mobile businesses process
credit card payments by providing a merchant account, payment
gateway, recurring billing and credit card storage. The company is
disrupting the payments industry by providing elegant tools for
developers coupled with white-glove support. Founded in 2007,
Braintree works with the world’s most discerning online merchants,
including LivingSocial, 37signals, OpenTable and GitHub. The company
is processing more than $4 billion in annual credit card volume from
more than 2,000 merchants. Braintree was profitably bootstrapped for
four years before accepting a $34 million investment from Accel
Partners in 2011. Braintree ranked 47th in the 2011 Inc. 500. Visit
us at
www.braintreepayments.com and on Twitter @braintree.

        For information contact:

        Linda Muskin
        (847) 432-7300
        Email Contact

        Mara Conklin
        (847) 816-9411
        Email Contact

SOURCE: Braintree

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