Accel EIR Steps In As CEO Of Online Payments Platform Braintree

Braintree, an Accel-backed online payments provider, is announcing a new CEO today?payments exec Bill Ready. In July, Ready joined Accel as an Executive in Residence to bring his payments expertise to the firm's portfolio companies and investment strategy. Braintree, which just raised $34 million from Accel Partners, essentially powers and automates online payments for merchants and companies online. The company provides a merchant account, payment gateway, recurring billing, credit card storage, support for mobile and international payments, and PCI Compliance solutions.

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