Industry Expert with Proven Success in Growing Startups Joins Chargeback.Com

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SANDY, Utah, Feb. 24, 2014 (GLOBE NEWSWIRE) -- Tim Coltrell, a proven leader of Financial Technology companies has joined Chargeback.com as Chief Executive Officer and will lead the company. Tim brings tremendous industry experience from the Credit Card and Prepaid Card industries to Chargeback.com. Tim's proven track record scaling startup companies suits him well in his new leadership position.

Investor Gavin Christensen, Managing Director of Kickstart Seed Fund, said, "We are thrilled to have Tim Coltrell joining the team at Chargeback.com. His combination of industry expertise and a strong operating track record in startups is a tremendous asset to Chargeback.com." Other investors include Park City Angel Network, represented on the board of directors by Paul Wozniak, and Subtraction Capital, represented on the Board by Jason Portnoy, a former Vice President at PayPal.

Tim Coltrell is currently a Board Member at AccountNow, one of the leading companies in the prepaid debit card industry. As a founder and former CEO of the company, he successfully grew the company from inception to scale and profitability. Prior to AccountNow, Tim was COO. at Nextcard and held senior management positions at companies including GE Capital Consumer Card Company and Providian.

Chargeback.com was founded in 2009 with one mission: To recover lost revenues for merchants. The company is adding customers quickly and expects substantial growth in 2014.

"I am excited to join the team at Chargeback.com and help realize the vision of the company to be the Merchant's choice for fighting the high cost of chargebacks" said Tim. "We have a tremendous market opportunity and I am confident we have the team to take advantage of that opportunity. Any merchant experiencing losses from Chargebacks should contact us and benefit from our expertise, low cost and exceptionally high win rate compared to internal processing methods against chargebacks."

Chargeback.com, formerly named Chargeback Guardian, will be relocating to new offices in Sandy, Utah to accommodate the rapid growth expected in 2014.
Please contact the company at 801-753-0800 for additional information or visit our website at www.Chargeback.com.

CONTACT: Mike Davis Vice President of Sales mike.davis@chargeback.com Ky Okerlund Business Development ky.okerlund@chargeback.com

Source: Chargeback