news RELEASE

PropertyBridge Wins Multi-Housing News’ Technology Choice Award For Second Consecutive Year

OAKLAND, CA - August 13, 2008 - PropertyBridge, Inc., a MoneyGram company, and the leading provider of electronic payment services to the multifamily housing industry, today announced that it was named a 2008 Technology Choice Award Winner in the Resident Payment Systems category by Multi-Housing News (MHN) magazine. This marks the second consecutive year that PropertyBridge has been recognized by the publication’s readers as a top provider.

“It is very satisfying to receive the prestigious Technology Choice Award again,” said Jason Gardner, Vice President of PropertyBridge. “MHN is widely respected throughout the multifamily industry, so to be chosen by an industry peer group like MHN’s readers is extremely gratifying. The award recognizes the importance we place on improving business processes and the resident experience at all levels.”

Natasha Selhi, Associate Publisher of Multi-Housing News commented, “It is with great pleasure that MHN honors the 2008 winners of our annual Technology Choice Awards.  The companies selected represent the leading edge in a highly competitive field and have been voted the "best of the best" in terms of providing innovative system design, system reliability, return on investment, and customer care.”

Read the article in Multi-Housing News here.

About Multi-Housing News

Multi-Housing News is a national publication reaching over 27,000 readers each month. Readers include the top level executives in the multi-housing industry: CEOs, COOs, CFOs, presidents, chairmen, vice chairmen, principals, partners, owners, senior vice presidents, executive vice presidents, directors, general managers and builders of multi-housing-related companies. Multi-Housing News’ mission is to provide the leaders of the multi-housing industry with the most current and complete news, information and analysis in print and online to help them run their businesses more efficiently and profitably. Multi-housingnews.com is a Nielsen Business Media and Nielsen eMedia production.

About PropertyBridge, Inc.

PropertyBridge, a MoneyGram Company, is the leading electronic payments processor for property managers and real estate owners in the multifamily housing industry. The PropertyBridge Payments Platform enables residents to pay rent and other lease-related transactions using multiple payment types, including credit and debit cards, Automated Clearing House (ACH), check scanning (Check 21/ARC), cash payments at MoneyGram agent locations, online bank bill payment, and lockbox services. PropertyBridge’s rent payment solutions are fully integrated with the accounting systems and business processes of property management firms. Residents can pay rent online, by phone or in person and set up recurring payments. The company collaborates extensively with financial services leaders including Visa USA, MasterCard, Discover Financial Services, American Express, Wells Fargo Bank and First National Bank of Omaha. MoneyGram, Inc. acquired PropertyBridge in October 2007.

Contact

Peter Mansfield
Vice President of Marketing
pmansfield@propertybridge.com