NEWS RELEASE

Click here to download the E&S Ring Case Study

 

PropertyBridge Releases Case Study With E&S Ring Management

OAKLAND, CA – June 16, 2010 - PropertyBridge, Inc., a MoneyGram company, and a leading provider of electronic payment services to the multifamily housing industry, today announced the release of a case study featuring property management client E&S Ring.

The case study provides an in-depth review of why and how E&S Ring Management implemented an integrated electronic payment solution including credit/debit cards, ACH, check scanning and cash payments at MoneyGram to its portfolio of 38 properties and 9,000 units. The study also explores how the management company successfully achieved an electronic payment adoption rate of 100%, and quantifies the specific benefits they have seen as a result - from leasing staff freed from collecting payments and chasing delinquent residents to the reduced potential for fraud and greater availability of funds.

E&S Ring began using PropertyBridge in October 2008. “We spent a significant amount of time evaluating payment service vendors,” said LyLy Ruiz, E&S Ring’s Manager of Business Information Systems. “PropertyBridge was exclusively focused on payments and therefore offered expertise and strong functionality in all payment types. As a global financial services leader, the MoneyGram connection added additional security and reliability,” she added.

 

“The return on investment of the PropertyBridge solution had both tangible and intangible benefits,” said E&S Ring Controller Ryan Schnobrich. “In a tough economic environment, increasing the productivity of our on-site property managers by giving them more time for revenue-generating activities is a big payoff,” he added.

Read the full case study here. To read an exclusive interview with E&S Ring Controller Ryan Schnobrich in Multifamily Executive, click here.

About PropertyBridge

PropertyBridge, a MoneyGram company, is a 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) and cash payments at 40,000 MoneyGram agent locations. 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, Bank of America and First National Bank of Omaha. MoneyGram, Inc. acquired PropertyBridge in October 2007.

Contact

Summer Palma
Marketing Manager
(510) 463-3033
spalma@moneygram.com