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                                                                    EXHIBIT 10.3

                                  PAYMAP INC.

                       2000 EMPLOYEE STOCK PURCHASE PLAN


     1.  Purpose.
         -------

     This Plan is intended to allow Employees of the Company and its Designated
Subsidiaries to purchase Common Stock through accumulated Payroll deductions.

     2.  Defined Terms.
         -------------

     The meanings of defined terms (generally, capitalized terms) in this Plan
are provided in Section 23 ("Glossary").

     3.  Eligibility.
         -----------

     (a)  Participation.  Any person who is an Employee on an Offering Date
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shall be eligible to participate in this Plan during the corresponding Offering
Period.

     (b)  No Participation by Five-Percent Stockholders.  Notwithstanding
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Section 3(a), an Employee shall not participate in this Plan during an Offering
Period if immediately after the grant of a Purchase Right on the Offering Date,
the Employee would own stock possessing five percent or more of the total
combined voting power or value of all classes of stock of the Company or of any
Subsidiary.  For this purpose, an Employee is treated as owning stock owned by
any other person whose stock would be attributed to the Employee under Section
424(d) of the Code and stock that he or she could purchase by exercise of
Purchase Rights or other options.

     4.  Offering Periods.
         ----------------

     Except as otherwise determined by the Administrator:

     (a)  the first Offering Period under this Plan shall begin on the first
business day before the effective date of a firmly underwritten initial public
offering of Common Stock and shall end on the last trading day of September
2000;

     (b)  a new Offering Period shall begin on the first business day of each
April and October while this Plan is in effect;

     (c)  the duration of each Offering Period (other than the first Offering
Period) shall be 6 months (measured from the first business day of the first
month to the last business day of the 6th  month); and

     (d)  an Offering Period shall terminate on the first date that no
Participant is enrolled in it.
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     5.  Participation.
         -------------

     (a)  An Employee may become a Participant in this Plan by completing a
subscription agreement, in such form as the Administrator may approve from time
to time, and delivering it to the Administrator by 1 p.m. Pacific time on the
applicable Offering Date, unless another time for filing the subscription
agreement is set by the Administrator for all Employees with respect to a given
Offering Period.  The subscription agreement shall authorize Payroll deductions
pursuant to this Plan and shall have such other terms as the Administrator may
specify from time to time.

     (b)  At the end of an Offering Period, each Participant in the Offering
Period who remains an Employee shall be automatically enrolled in the next
succeeding Offering Period (a "Re-enrollment") unless, in a manner and at a time
specified by the Administrator, but in no event later than 1 p.m. Pacific time
on the Offering Date of such succeeding Offering Period, the Participant
notifies the Administrator in writing that the Participant does not wish to be
re-enrolled.  Re-enrollment shall be at the withholding percentage specified in
the Participant's most recent subscription agreement.  No Participant shall be
automatically re-enrolled whose participation has terminated by operation of
Section 10.

     6.  Payroll Deductions.
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     (a)  Payroll deductions under this Plan shall be in whole percentages, from
a minimum of 1% up to a maximum (not to exceed 10%) established by the
Administrator from time to time, as specified by the Participant in his or her
subscription agreement in effect on the first day of an Offering Period.
Payroll deductions for a Participant shall begin with the first payroll payment
date of the Offering Period and shall end with the last payroll payment date of
the Offering Period, unless sooner terminated by the Participant as provided in
Section 10.

     (b)  A Participant's Payroll deductions shall be credited to his or her
account under this Plan.  A Participant may not make any additional payments
into his or her account.

     (c)  A Participant may reduce his or her Payroll deductions by any whole
percentage (but not below 0%) at any time during an Offering Period, effective
15 days after the Participant files with the Administrator a new subscription
agreement authorizing the change.  A Participant may make other changes to his
or her Payroll deductions at the beginning of an Offering Period by delivering a
new subscription agreement authorizing the change to the Administrator by 1 p.m.
Pacific time on the relevant Offering Date.

     7.  Purchase Rights.
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     (a)  Grant of Purchase Rights.  On the Offering Date of each Offering
          ------------------------
Period, the Participant shall be granted a Purchase Right to purchase during the
Offering Period the number of shares of Common Stock determined by dividing (i)
$25,000 multiplied by the number of (whole or part) calendar years in the
Offering Period by (ii) the fair market value of a share of Common Stock on the
Offering Date; provided that no Participant shall be entitled to purchase, under
this Plan or any other employee stock purchase plan of the Company or any
Subsidiary,

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Common Stock having a total fair market value (measured on the Offering Dates of
the Offering Periods in which such shares were purchased) of more than $25,000.

     (b)  Terms of Purchase Rights.  Except as otherwise determined by the
          ------------------------
Administrator, each Purchase Right shall have the following terms:

          (i)  The per-share price of the shares subject to a Purchase Right
     shall be 85% of the lower of the fair market values of a share of Common
     Stock on (a) the Offering Date on which the Purchase Right was granted and
     (b) the Purchase Date.  The fair market value of the Common Stock on a
     given date shall be the closing price as reported in the Wall Street
     Journal; provided, however, that if there is no public trading of the
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     Common Stock on that date, then fair market value shall be determined by
     the Administrator in its discretion.

          (ii)  Payment for shares purchased by exercise of Purchase Rights
     shall be made only through Payroll deductions under Section 6.

          (iii)  Upon purchase or disposition of shares acquired by exercise of
     a Purchase Right, the Participant shall pay, or make provision satisfactory
     to the Administrator for payment of, all tax (and similar) withholdings
     that the Administrator determines, in its discretion, are required due to
     the acquisition or disposition, including without limitation any such
     withholding that the Administrator determines in its discretion is
     necessary to allow the Company and its Subsidiaries to claim tax deductions
     or other benefits in connection with the acquisition or disposition.

          (iv)  During his or her lifetime, a Participant's Purchase Right is
     exercisable only by the Participant.

          (v)  Purchase Rights will in all respects be subject to the terms and
     conditions of this Plan, as interpreted by the Administrator from time to
     time.

     8.  Purchase Dates; Purchase of Shares; Refund of Excess Cash.
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     (a)  The Administrator shall establish one or more Purchase Dates for each
Offering Period.  Unless otherwise determined by the Administrator, the last
trading day of each March and September shall be a Purchase Date.

     (b)  Each then-outstanding Purchase Right shall be exercised automatically
on each Purchase Date, following addition to the Participant's account of that
day's Payroll deductions, to purchase the maximum number of full shares of
Common Stock at the applicable price using the Participant's accumulated Payroll
deductions, subject to the limitation in Section 7(a).

     (c)  The shares purchased upon exercise of a Purchase Right shall be deemed
to be transferred to the Participant on the Purchase Date.

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     (d)  Any cash remaining in a Participant's Payroll deduction account after
the purchase of shares on a Purchase Date shall be carried forward in that
account for application on the next Purchase Date; provided that upon
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termination of an Offering Period, any such cash shall be promptly refunded to
the Participant.

     9.  Registration and Delivery of Share Certificates.
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     (a)  Shares purchased by a Participant under this Plan will be registered
in the name of the Participant, or in the name of the Participant and his or her
spouse, or in the name of the Participant and joint tenant(s) (with right of
survivorship), as designated by the Participant.

     (b)  As soon as administratively feasible after each Purchase Date, the
Company shall deliver to the Participant a certificate representing the shares
purchased upon exercise of a Purchase Right.  If approved by the Administrator
in its discretion, the Company may instead (i) deliver a certificate (or
equivalent) to a broker for crediting to the Participant's account or (ii) make
a notation in the Participant's favor of non-certificated shares on the
Company's stock records.

     10.  Withdrawal; Termination of Employment.
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     (a)  A Participant may withdraw all, but not less than all, the Payroll
deductions credited to his account under this Plan before a Purchase Date by
giving written notice to the Administrator, in a form the Administrator
prescribes from time to time, at least 15 days before the Purchase Date.
Payroll deductions will then cease as to the Participant, no purchase of shares
will be made for the Participant on the Purchase Date, and all Payroll
deductions then credited to the Participant's account will be refunded promptly.

     (b)  Upon termination of a Participant's Continuous Employment for any
reason, including retirement or death, all Payroll deductions credited to the
Participant's account will be promptly refunded to the Participant or, in the
case of death, to the person or persons entitled thereto under Section 14, and
the Participant's Purchase Right will automatically terminate.

     (c)  A Participant's withdrawal from an offering will not affect the
Participant's eligibility to participate in a succeeding offering or in any
similar plan that may be adopted by the Company.

     11.  Use of Funds; No Interest.
          -------------------------

     Amounts withheld from Participants under this Plan shall constitute general
funds of the Company, may be used for any corporate purpose, and need not be
segregated from other funds.  No interest shall accrue on a Participant's
Payroll deductions.

     12.  Number of Shares Reserved.
          -------------------------

     (a)  The following numbers of shares of Common Stock are reserved for
issuance under this Plan, and such number may be issued at any time before
termination of this Plan:

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          (i)  Beginning the date of approval of this Plan by the stockholders
     of the Company, 275,000 shares of Common Stock; and

          (ii)  Beginning the first business day of each calendar year starting
     January 1, 2001 or after, the lesser of an additional (A) 137,500 shares of
     Common Stock, (B) 0.5% of the outstanding shares of capital stock on such
     date, or (C) an amount determined by the Board.

     (b)  If the total number of shares that would otherwise be subject to
Purchase Rights granted on an Offering Date exceeds the number of shares then
available under this Plan (after deduction of all shares for which Purchase
Rights have been exercised or are then exercisable), the Administrator shall
make a pro-rata allocation of the available shares in a manner that it
determines to be as uniform and equitable as practicable.  In such event, the
Administrator shall give written notice of the reduction and allocation to each
Participant.

     (c)  The Administrator may, in its discretion, transfer shares reserved for
issuance under this Plan into a plan or plans of similar terms, as approved by
the Board, providing for the purchase of shares of Common Stock to employees of
Subsidiaries designated by the Board that do not (or do not thereafter)
participate in this Plan.  Such additional plans may, without limitation,
provide for variances from the terms of this Plan to take into account special
circumstances (such as foreign legal restrictions) affecting the employees of
the designated Subsidiaries.

     13.  Administration.
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     This Plan shall be administered by the Board or by such directors,
officers, and employees of the Company as the Board may select from time to time
(the "Administrator").  All costs and expenses incurred in administering this
Plan shall be paid by the Company, provided that any taxes applicable to an
Employee's participation in this Plan may be charged to the Employee by the
Company.  The Administrator may make such rules and regulations as it deems
necessary to administer this Plan and to interpret any provision of this Plan.
Any determination, decision, or action of the Administrator in connection with
the construction, interpretation, administration, or application of this Plan or
any right granted under this Plan shall be final, conclusive, and binding upon
all persons, and no member of the Administrator shall be liable for any such
determination, decision, or action made in good faith.

     14.  Designation of Beneficiary.
          --------------------------

     (a)  A Participant may file a written designation of a beneficiary who is
to receive any shares and cash, if any, from the Participant's account under
this Plan in the event of the Participant's death.

     (b)  A designation of beneficiary may be changed by the Participant at any
time by written notice.  In the event of the death of a Participant, and in the
absence of a beneficiary validly designated under this Plan who is living at the
time of the Participant's death, the

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Administrator shall deliver such shares and/or cash to the executor or
administrator of the Participant's estate, or if no such executor or
administrator has been appointed (to the Administrator's knowledge), the
Administrator, in its discretion, may deliver such shares and/or cash to the
spouse or to any one or more dependents or relatives of the Participant or, if
no spouse, dependent, or relative is known to the Administrator, then to such
other person as the Administrator may designate.

     15. Transferability.
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     Neither Payroll deductions credited to a Participant's account nor any
rights with regard to the exercise of a Purchase Right or to receive shares
under this Plan may be assigned, transferred, pledged, or otherwise disposed of
in any way (other than by will, the laws of descent and distribution, or as
provided in Section 14) by the Participant.  Any such attempt at assignment,
transfer, pledge, or other disposition shall be without effect, except that the
Administrator may treat such act as an election to withdraw funds in accordance
with Section 10.

     16.  Reports.
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     Individual accounts will be maintained for each Participant in this Plan.
Statements of account will be given to participating Employees promptly
following each Purchase Date, setting forth the amounts of Payroll deductions,
per-share purchase price, number of shares purchased, and remaining cash
balance, if any.

     17.  Adjustments upon Changes in Capitalization.
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     (a)  Subject to any required action by the stockholders of the Company, the
number of shares of Common Stock covered by each unexercised Purchase Right and
the number of shares of Common Stock authorized for issuance under this Plan but
not yet been placed under a Purchase Right (collectively, the "Reserves"), as
well as the price per share of Common Stock covered by each unexercised Purchase
Right, shall be proportionately adjusted for any change in the number of issued
shares of Common Stock resulting from a stock split, reverse stock split, stock
dividend, combination or reclassification of the Common Stock, or any change in
the number of shares of Common Stock effected without receipt of consideration
by the Company (not counting shares issued upon conversion of convertible
securities of the Company as "effected without receipt of consideration"). Such
adjustment shall made by the Board and shall be final, binding, and conclusive.
Except as expressly provided herein, no issue by the Company of shares of stock
of any class, or securities convertible into shares of stock of any class, shall
affect, and no consequent adjustment shall be made with respect to, the number
or price of shares of Common Stock subject to a Purchase Right.

     (b)  In the event of the proposed dissolution or liquidation of the
Company, the then-current Offering Period will terminate immediately before the
consummation of the proposed action, unless otherwise provided by the Board.  In
the event of a proposed sale of all or substantially all of the Company's
assets, or the merger of the Company with or into another corporation (if the
Company's stockholders own less than 50% of the total outstanding voting power
in the surviving entity or a parent of the surviving entity after the merger),
each Purchase

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Right under this Plan shall be assumed or an equivalent purchase
right shall be substituted by the successor corporation or a parent or
subsidiary of the successor corporation, unless the successor corporation does
not agree to assume the Purchase Rights or to substitute equivalent purchase
rights, in which case the Board may, in lieu of such assumption or substitution,
accelerate the exercisability of Purchase Rights and allow Purchase Rights to be
exercisable as to shares as to which they would not otherwise be exercisable, on
terms and for a period that the Board determines in its discretion.  To the
extent that the Board accelerates exercisability of  Purchase Rights as
described above, it shall promptly so notify all Participants in writing.

     (c)  The Board may, in its discretion, also make provision for adjusting
the Reserves, as well as the price per share of Common Stock covered by each
outstanding Purchase Right, if the Company effects one or more reorganizations,
recapitalizations, rights offerings, or other increases or reductions of shares
of its outstanding Common Stock, or if the Company consolidates with or merges
into any other corporation, in a transaction not otherwise covered by this
Section 17.

     18.  Amendment or Termination.
          ------------------------

     (a)  The Board may at any time terminate or amend this Plan.  No amendment
may be made without prior approval of the stockholders of the Company (obtained
in the manner described in Section 20) if it would increase the number of shares
that may be issued under this Plan.

     (b)  The Board may elect to terminate any or all outstanding Purchase
Rights at any time, except to the extent that exercisability of such Purchase
Rights has been accelerated pursuant to Section 17(b).  If this Plan is
terminated, the Board may also elect to terminate Purchase Rights upon
completion of the purchase of shares on the next Purchase Date or to permit
Purchase Rights to expire in accordance with their terms (with participation to
continue through such expiration dates).  If Purchase Rights are terminated
before expiration, any funds contributed to this Plan that have not been used to
purchase shares shall be refunded to Participants as soon as administratively
feasible.


     19.  Notices.
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     All notices or other communications by a Participant to the Company or the
Administrator under or in connection with this Plan shall be deemed to have been
duly given when received in the form specified by the Administrator at the
location, or by the person, designated by the Administrator for that purpose.

     20.  Stockholder Approval.
          --------------------

     This Plan shall be submitted to the stockholders of the Company for their
approval within 12 months after the date this Plan is adopted by the Board.

     21.  Conditions upon Issuance of Shares.
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     (a)  Shares shall not be issued with respect to a Purchase Right unless the
exercise of such Purchase Right and the issuance and delivery of such shares
pursuant thereto complies with all applicable provisions of law, domestic or
foreign, including, without limitation, the Securities Act of 1933, as amended,
the Securities Exchange Act of 1934, as amended, the rules and regulations
promulgated thereunder, and the requirements of any stock exchange upon which
the shares may then be listed, and shall be further subject to the approval of
counsel for the Company with respect to such compliance.

     (b)  As a condition to the exercise of a Purchase Right, the Company may
require the person exercising such Purchase Right to represent and warrant at
the time of any such exercise that the shares are being purchased only for
investment and without any present intention to sell or distribute such shares
if, in the opinion of counsel for the Company, such a representation is required
by any of the aforementioned applicable provisions of law.

     22.  Term of Plan.
          ------------

     This Plan shall become effective upon the earlier of its adoption by the
Board or its approval by the stockholders of the Company as described in Section
20.  It shall continue in effect for a term of 20 years unless sooner terminated
under Section 18.

     23.  Glossary.  The following definitions apply for purposes of this Plan:
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     (a)  "Administrator" means the Board or the persons appointed by the Board
           -------------
to administer this Plan pursuant to Section 13.

     (b)  "Board" means the Board of Directors of the Company.
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     (c)  "Code" means the Internal Revenue Code of 1986, as amended.
           ----

     (d)  "Common Stock" means the Common Stock of the Company.
           ------------

     (e)  "Company" means PayMap Inc., a Delaware corporation.
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     (f)  "Continuous Employment" means  the absence of any interruption or
           ---------------------
termination of service as an Employee.  Continuous Employment shall not be
considered interrupted in the case of a leave of absence agreed to in writing by
the Company, provided that either (i) the leave does not exceed 90 days or (ii)
re-employment upon expiration of the leave is guaranteed by contract or statute.

     (g)  "Designated Subsidiaries" means the Subsidiaries that have been
           -----------------------
designated by the Board from time to time in its sole discretion to participate
in this Plan.

     (h)  "Employee" means any person, including an officer, who is customarily
           --------
employed for at least 20 hours per week and five months per year by the Company
or one of its Designated Subsidiaries.  Whether an individual qualifies as an
Employee shall be determined by the

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Administrator, in its sole discretion, by reference to Section 3401(c) of the
Code and the regulations promulgated thereunder; unless the Administrator makes
a contrary determination, the Employees of the Company shall, for all purposes
of this Plan, be those individuals who satisfy the customary employment criteria
set forth above and are carried as employees by the Company or a Designated
Subsidiary for regular payroll purposes.

     (i)  "Offering Date" means the first business day of an Offering Period.
           -------------

     (k)  "Offering Period" means a period established by the Administrator
           ---------------
pursuant to Section 4 during which Payroll deductions are accumulated from
Participants and applied to the purchase of Common Stock.

     (l)  "Participant" means an Employee who has elected to participate in this
           -----------
Plan pursuant to Section 5.

     (m)  "Payroll" means all regular, straight-time gross earnings, exclusive
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of payments for overtime, shift premium, incentive compensation or payments,
bonuses, and commissions.

     (m)  "Plan" means this Paymap Inc. 2000 Employee Stock Purchase Plan.
           ----

     (n)  "Purchase Date" means such business days during each Offering Period
           -------------
as may be established by the Administrator for the purchase of Common Stock
pursuant to Section 8.

     (o)  "Purchase Right" means a right to purchase Common Stock granted
           --------------
pursuant to Section 7.

     (p)  "Subsidiary" means, from time to time, any corporation, domestic or
           ----------
foreign, of which not less than 50% of the voting shares are held by the Company
or another Subsidiary of the Company.

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