Paymap Inc. Announces New CEO

Apr 24, 2001, 01:00 ET from Paymap, Inc.

    SAN FRANCISCO, April 24 /PRNewswire Interactive News Release/ -- Paymap
 Inc. headquartered in San Francisco, a leading provider of innovative
 electronic payment solutions for eight years, today announced the appointment
 of a new CEO, Terrance G. Hodel. Before coming to Paymap he was President and
 Chief Operating Officer of North American Mortgage Company. In his nineteen
 years there, he took them from loan origination volume of $250 million to over
 $17 billion. Hodel is the ideal leader for Paymap as it moves from its first
 eight years of growth to becoming a larger, more mature organization that will
 be recognized for its professionalism, confidence and creativity.
     Working closely with him will be Martin Hughes, who has been named
 President and CFO. Hughes was formerly Executive Vice President, CFO and
 Treasurer of North American Mortgage Company. Mary Lou Corrigan, CTO and head
 of Operations, was formerly Senior Vice President for On-Line Banking Systems
 at Bank of America. William Grant, who will be responsible for Institutional
 Sales, and Michael W. Rogers, who will direct Marketing and Corporate
 Strategy, have been with Paymap since its inception in 1993.
     In accepting his new role with Paymap, Hodel said, "I am delighted to be
 joining Paymap. I am also happy to join a strong management team and to
 reaffirm our commitment to solidifying and expanding this company."
     Paymap, a leading provider of innovative electronic payment solutions, has
 over 450,000 customers using its products.  Paymap processes more than one
 million transactions each month totaling over $1.8 billion. Over 95% of these
 payments are processed electronically through the Automated Clearing House
 (ACH) Network of the Federal Reserve Banking System. Paymap serves its
 Customers through affinity relationships with six of the seven largest banks
 in the United States, as well as many small banks. Customers can use Paymap to
 set a schedule to reduce their mortgage debt, pay less interest, and pay off
 their debt more quickly, using regular withdrawals that can be set up to
 collect a portion of a payment on a payday-to-payday schedule.  Additionally,
 one-time payments can be set up for immediate obligations, such as a late
 payment.
 
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SOURCE Paymap, Inc.
    SAN FRANCISCO, April 24 /PRNewswire Interactive News Release/ -- Paymap
 Inc. headquartered in San Francisco, a leading provider of innovative
 electronic payment solutions for eight years, today announced the appointment
 of a new CEO, Terrance G. Hodel. Before coming to Paymap he was President and
 Chief Operating Officer of North American Mortgage Company. In his nineteen
 years there, he took them from loan origination volume of $250 million to over
 $17 billion. Hodel is the ideal leader for Paymap as it moves from its first
 eight years of growth to becoming a larger, more mature organization that will
 be recognized for its professionalism, confidence and creativity.
     Working closely with him will be Martin Hughes, who has been named
 President and CFO. Hughes was formerly Executive Vice President, CFO and
 Treasurer of North American Mortgage Company. Mary Lou Corrigan, CTO and head
 of Operations, was formerly Senior Vice President for On-Line Banking Systems
 at Bank of America. William Grant, who will be responsible for Institutional
 Sales, and Michael W. Rogers, who will direct Marketing and Corporate
 Strategy, have been with Paymap since its inception in 1993.
     In accepting his new role with Paymap, Hodel said, "I am delighted to be
 joining Paymap. I am also happy to join a strong management team and to
 reaffirm our commitment to solidifying and expanding this company."
     Paymap, a leading provider of innovative electronic payment solutions, has
 over 450,000 customers using its products.  Paymap processes more than one
 million transactions each month totaling over $1.8 billion. Over 95% of these
 payments are processed electronically through the Automated Clearing House
 (ACH) Network of the Federal Reserve Banking System. Paymap serves its
 Customers through affinity relationships with six of the seven largest banks
 in the United States, as well as many small banks. Customers can use Paymap to
 set a schedule to reduce their mortgage debt, pay less interest, and pay off
 their debt more quickly, using regular withdrawals that can be set up to
 collect a portion of a payment on a payday-to-payday schedule.  Additionally,
 one-time payments can be set up for immediate obligations, such as a late
 payment.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X30487577
 
 SOURCE  Paymap, Inc.