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                                                                   Exhibit 10.18

                                  ESPS, Inc.
                             Employment Agreement

To Chris Meshginpoosh:

     This Agreement establishes the terms of your employment with ESPS, Inc., a
Delaware corporation (the "Company").

Employment and Duties    You and the Company agree to your employment as Chief
                         Financial Officer on the terms contained herein.

Term of Employment       Your employment under this Agreement begins as of your
                         execution of this Agreement (the "Effective Date").
                         Unless sooner terminated under this Agreement or
                         extended under the Expiration provisions of this
                         Agreement, your employment ends at 6:00 p.m. Eastern
                         Time on December 31, 2001.

                         The period running from the Effective Date to December
                         31, 2001 of this Agreement is the "Term", subject to
                         the extension option provided under the Expiration
                         provisions of this Agreement.

                         Termination or expiration of this Agreement ends your
                         employment but does not end the Company's obligation,
                         if any, to make payments under the Payments on
                         Termination and Severance provisions or the Company's
                         obligation to comply with the Indemnification, Public
                         Statements, and Successors and Assigns provisions as
                         specified below.
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Compensation

     Salary              The Company will pay you an annual salary (the
                         "Salary") from the Effective Date at the rate of not
                         less than $175,000 in accordance with its generally
                         applicable payroll practices.

     Bonus               You will be eligible for an annual bonus equal to up to
                         $75,000. This bonus will be calculated according to
                         annual incentive plan formulas. It is the Company's
                         good faith intention to provide formulas for future
                         fiscal years within 90 days of the commencement of such
                         fiscal year.

     Options             In the event that either you or the Company elect to
                         extend this Agreement in accordance with the Expiration
                         provisions of this Agreement, on the date of such
                         election to extend this Agreement or on January 2,
                         2002, whichever is later, the Company will grant you
                         75,000 options under the Company's employee stock
                         option plan, with an exercise price equal to the
                         closing price of the Company's stock on the date of
                         grant. The Company agrees that such options will be
                         subject to the following vesting schedule:

                              28,875 of these options will vest at the time of
                              grant, and

                              4,125 of these options will vest every three
                              months from the date of the grant.

                         In the event of the occurrence of a Change of Control
                         as defined in the Severance section below, unvested
                         options will vest as follows:

                           1. If the Change of Control occurs prior to October
                              2, 2001, 75% of options granted to you will
                              immediately vest upon the occurrence of a Change
                              of Control.

                           2. If the Change of Control occurs on or after
                              October 2, 2001 but before April 2, 2002, 87.5% of
                              options granted
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                              to you will immediately vest upon the occurrence
                              of a Change of Control.


                           3. If the Change of Control occurs on or after April
                              2, 2002, 100% of options granted to you will
                              immediately vest upon the occurrence of a Change
                              of Control.


     Employee Benefits   While the Company employs you under this Agreement, the
                         Company will provide you with the same benefits
                         currently provided to the Company's employees.

     Car Allowance       You will receive a car allowance equal to $500 per
                         month.

Place of Employment      Your principal place of employment will be within 50
                         miles of Fort Washington, Pennsylvania.

Expenses                 The Company will reimburse you for reasonable and
                         necessary travel and other business-related expenses
                         you incur for the Company in performing your duties
                         under this Agreement.

Termination         Subject to the provisions of this section, you and the
                    Company agree that it may terminate your employment, or you
                    may voluntarily resign, except that, if you voluntarily
                    resign, you must provide the Company with 90 days' prior
                    written notice (unless the Board or the Company's Chief
                    Executive Officer has previously waived such notice in
                    writing or authorized a shorter notice period). The Company
                    agrees that it will continue to pay you salary, bonus and
                    benefits in accordance with the Compensation section above
                    for the period from the receipt of your notice of
                    resignation through the last day of your employment, even if
                    this period extends beyond the Term. In addition, the
                    Company agrees to provide the additional payments and
                    benefits described in the Payments on Termination and
                    Severance sections below.

     For Cause           The Company may terminate your employment if you:
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                      1. seize a corporate opportunity for yourself instead of
                         offering such opportunity to the Company if within the
                         scope of the Company's or its subsidiaries' business;
                         or

                      2. with respect to your employment, are convicted of or
                         plead guilty or no contest to a felony.

                      Your termination For Cause will be effective immediately
                      upon the Company's mailing or written transmission of
                      notice of such termination. Before terminating your
                      employment For Cause, the Company will specify in writing
                      to you the nature of the act that it deems to constitute
                      For Cause and, unless the Board or the Company's Chief
                      Executive Officer reasonably concludes the situation could
                      not be corrected, give you 30 days after you receive such
                      notice to correct the situation (and thus avoid
                      termination For Cause), unless the Company agrees to
                      extend the time for correction. The Company agrees to pay
                      you the benefits according to the provisions of the
                      Payments on Termination if your employment is terminated
                      For Cause.

     Without Cause    Subject to the provisions below under Payments on
                      Termination and Severance, the Company may terminate your
                      employment under this Agreement Without Cause before the
                      end of the Term.

     Voluntary        Subject to the provisions below under Payments on
     Resignation      Termination and Severance, you may resign as Chief
                      Financial Officer with 90 days' advance written notice.
                      Expiration of this Agreement shall constitute Voluntary
                      Resignation and shall entitle you to the Payments on
                      Termination and Severance benefits described below.

     Payments on      If you resign in accordance with the Voluntary Resignation
     Termination      provision above, or the Company terminates your employment
                      For Cause or Without Cause, the Company will pay you any
                      unpaid portion of your Salary pro-rated through the date
                      of actual termination, reimburse any substantiated but
                      unreimbursed business expenses, pay any accrued and unused
                      vacation time,
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                      and provide such other benefits as applicable laws or the
                      terms of the benefits require.

     Severance        In addition to the foregoing payments, in the event your
                      employment is terminated Without Cause or if you resign in
                      accordance with the Voluntary Resignation provisions of
                      this Agreement, the Company will

                              pay you severance in a lump sum equal to the
                              number of days remaining in the Term of this
                              Agreement divided by 365 days, multiplied by
                              $175,000; and

                              pay you severance in a lump sum equal to $87,500;
                              and,

                              pay the after-tax premium cost for you to receive
                              any group health coverage the Company must offer
                              you under Section 4980B of the Internal Revenue
                              Code of 1986 ("COBRA Coverage") for the period of
                              such coverage (unless the coverage is then
                              provided under a self-insured plan)

                      In addition to foregoing payments, the Company agrees to
                      the following:

                              The Company will pay you additional severance
                              equal to $87,500 if your employment is terminated
                              within six months of a Change of Control as
                              defined below.

                              The Company will pay you additional severance
                              equal to $45,000 if your employment is terminated
                              Without Cause.

                      You are not required to mitigate amounts payable under the
                      Severance paragraph by seeking other employment or
                      otherwise,
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                      nor must you return to the Company amounts earned under
                      subsequent employment.

     Change of Control        A Change of Control for the purposes of the
                              Severance provision of this Agreement means either
                              Board of Directors or shareholder approval of the
                              occurrence of any one or more of the following
                              events: a person, entity, or group (other than the
                              Company, any Company subsidiary, any Company
                              benefit plan, or any underwriter temporarily
                              holding securities for an offering of such
                              securities) acquires ownership of more than 50% of
                              the undiluted total voting power of the Company's
                              then-outstanding securities eligible to vote to
                              elect members of the Board ("COMPANY VOTING
                              SECURITIES"); consummation of a merger or
                              consolidation of the Company with or into any
                              other entity; or the stockholders of the Company
                              approve (i) a plan of complete liquidation or
                              dissolution of the Company or (ii) an agreement
                              for the Company's sale or disposition of all or
                              substantially all the Company's assets, AND such
                              liquidation, dissolution, sale, or disposition is
                              consummated.

Indemnification     ESPS and its successors and assigns hereby covenant and
                    agree to indemnify, defend, protect and hold you harmless
                    from, against and in respect of all claims or damages
                    suffered, sustained, incurred, or paid by you, or awarded by
                    a court of competent jurisdiction, or paid in settlement, as
                    well as all reasonable expenses (including reasonable
                    attorney's, paralegal's and expert witness' fees) incurred
                    by you as a result of any claim against you by virtue of
                    your past, present or future employment as Chief Financial
                    Officer of the Company.

Public Statements   The Company agrees that any oral or written communication
                    regarding your departure from the Company upon termination
                    or expiration of this Agreement shall include the following
                    statements:

                      Upon your identification of the apparent verbal assurances
                      in connection with the three transactions in 2000 as well
                      as apparent verbal and written assurances provided in
                      connection with three
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                      transactions in 2001, all of which had not been previously
                      disclosed to the finance department, you immediately
                      advised the Company's Audit Committee and the Company's
                      outside auditors.

                      After conducting a preliminary internal review, you
                      recommended to the Audit Committee that the Company
                      conduct an investigation into the transactions identified.

                      You left the Company with a much stronger financial
                      structure that should ensure accurate, reliable financial
                      information going forward;

                      You met or exceeded all of the Company's initial
                      expectations; and

                      Your departure was strictly for personal reasons, and was
                      not in any way related to information discovered in
                      connection with the Company's historical financial errors.

               In addition, neither you nor the Company shall make or publish,
               or cause to be made or published, any disparaging remarks,
               comments or statements about the other party.

Expiration            Either you or the Company have the option of extending
                      this Agreement for an additional period of twenty-four
                      (24) months. Such notice will be effective immediately
                      upon the mailing or written transmission of notice of
                      extension by either you or the Company. Upon election of
                      this extension of this Agreement by either you or the
                      Company, the Term of this Agreement shall be redefined as
                      the period commencing on the Effective Date of this
                      Agreement and ending at 6:00 p.m. Eastern Time on December
                      31, 2003, and all other provisions of this Agreement shall
                      remain unchanged.

Severability          If the final determination of an arbitrator or a court of
                      competent jurisdiction declares, after the expiration of
                      the time within which judicial review (if permitted) of
                      such determination may be perfected, that any term or
                      provision of this Agreement is invalid or unenforceable,
                      the remaining terms and provisions will be
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                      unimpaired, and the invalid or unenforceable term or
                      provision will be deemed replaced by a term or provision
                      that is valid and enforceable and that comes closest to
                      expressing the intention of the invalid or unenforceable
                      term or provision.

Amendment; Waiver     Neither you nor the Company may modify, amend, or waive
                      the terms of this Agreement other than by a written
                      instrument signed by you and an executive officer of the
                      Company duly authorized by the Board. Either party's
                      waiver of the other party's compliance with any provision
                      of this Agreement is not a waiver of any other provision
                      of this Agreement or of any subsequent breach by such
                      party of a provision of this Agreement.

Withholding           The Company will reduce its compensatory payments to you
                      for withholding and FICA taxes and any other withholdings
                      and contributions required by law.

Governing Law         The laws of the State of Pennsylvania (other than its
                      conflict of laws provisions) govern this Agreement.

Notices               Notices must be given in writing by personal delivery, by
                      certified mail, return receipt requested, by telecopy, or
                      by overnight delivery. You should send or deliver your
                      notices to the Company's corporate headquarters. The
                      Company will send or deliver any notice given to you at
                      your address as reflected on the Company's personnel
                      records. You and the Company may change the address for
                      notice by like notice to the others. You and the Company
                      agree that notice is received on the date it is personally
                      delivered, the date it is received by certified mail, the
                      date of guaranteed delivery by the overnight service, or
                      the date the fax machine confirms effective transmission.

Successors            All covenants and agreements contained herein shall bind
And Assigns           and inure to the benefit of the parties hereto and their
                      respective successors and assigns. None of the parties
                      hereto may assign any of its or his rights and obligations
                      under this Agreement without the prior written consent of
                      the other parties hereto.
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Superseding Effect    This Agreement represents the entire agreement between you
                      and the Company and supersedes any prior oral or written
                      employment, option, severance, or fringe benefit
                      agreements between you and the Company. This Agreement
                      supersedes all prior or contemporaneous negotiations,
                      commitments, agreements, and writings with respect to the
                      subject matter of this Agreement. All such other
                      negotiations, commitments, agreements, and writings will
                      have no further force or effect; and the parties to any
                      such other negotiation, commitment, agreement, or writing
                      will have no further rights or obligations thereunder.
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If you accept the terms of this Agreement, please sign in the space indicated
below.    We encourage you to consult with any advisors you choose.


                              ESPS, Inc.

                         By:  /s/ R. Richard Dool



I accept and agree to the terms of employment set
forth in this Agreement:

/s/ Christopher Meshginpoosh

Dated: June 22, 2001