SOURCE: Braintree

Braintree

February 07, 2012 06:30 ET

Braintree Names David Corken COO and Tracey Weinberg Senior VP Marketing

CHICAGO, IL--(Marketwire - Feb 7, 2012) - 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.

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