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Eric Dunn Joins PaySimple Board of Directors

DENVER , CO , June 18, 2007- PaySimple, an industry-leading provider of payment management solutions for businesses, is pleased to announce the addition of Eric Dunn to its Board of Directors. Dunn, currently a General Partner with Cardinal Venture Capital, joins the Board with an extensive background in business management and financial software solutions.

As a member of the PaySimple Board of Directors, Dunn will play a key role in advising the company on strategic business operations and expansion decisions. He brings to the table extensive experience in the electronic financial services space as well as a solid track record of helping start-up companies achieve profitable growth in fast-moving markets.

"We're thrilled to have Eric join our Board of Directors," said Eric Remer, CEO of PaySimple. "His background in the financial software industry as well as experience with growing companies will enhance the knowledge base of our Board and help propel PaySimple to the top of the electronic payments space."

"I am very excited to be involved with PaySimple, which I consider to be an important innovator in payment processing solutions for small to medium-sized businesses," said Dunn. "I'm looking forward to working with the management team as well as the rest of the Board."

Dunn currently serves on multiple other Boards of Directors, including PayCycle, Adaptive Planning, SuccessFactors and Tibco, and is Chairman for Tempo Payments, Inc. Before joining Cardinal Venture Capital, Dunn was a member of Intuit's senior management team. During his time there, the company grew from a small startup to a leading financial software provider. Prior to his time with Intuit, Dunn worked with Bain and Company as a management consultant, and also with IBM as a software engineer. He earned an MBA from Harvard Business School and also an A.B. in Physics from Harvard College.

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