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To: Jenna who wrote (27088)	3/12/1999 5:00:00 AM
From: puborectalis	Respond to of 120523

EPAY....CEO on CNBC @9:20am today................More reading on EPAY by: pagefault_95 (28/San Marcos, TX) 398 of 402 From Interface Monthly Bottomline Technologies Setting An Industry Standard Federal law mandates that by 1999 all payments made by federal agencies will be made electronically. Imagine, how attractive your company would look to federal agencies, banks, finance houses and other interests if your electronic commerce software was the choice of the Federal Reserve System, the nation's central bank. That's the good fortune that has befallen Dan McGurl and Jim Loomis, who co-founded Bottomline Technologies of Portsmouth, New Hampshire in 1989. “We enable organizations to use the latest technology for everything from issuing checks through electronic payments,” said McGurl. “Now comes this federal mandate, and we are in a great position.” McGurl and Loomis got their start in paper checks. In 1989 they formed a company called Lasercheck which allowed companies to custom-print checks. Early on they spotted the trend toward electronic payments and, in 1992, began giving PC users a way to make them possible. From a basement apartment, McGurl and Loomis - both former bankers - built their business by using open standards and grooming their software around them. Today, the company employs 200 people across the nation and boasts some huge clients including Microsoft, Unum, General Motors, Citibank and Chase Manhattan. But by far the largest coup was persuading the Federal Reserve System to take on the company's Windows NT /SQL database-compatible software, laying the groundwork for continued rapid growth. “We're looking at (annual) growth of 35 percent to 40 percent going forward,” said McGurl. “When we look at the last five years, we had a 50 percent (annual) growth rate from 1992 to 1997.” Posted: Mar 12 1999 12:52AM EST as a reply to: Msg 397 by netsarewinning