NEWS RELEASE

PropertyBridge to Exhibit at PAYMENTS 2009 Conference

Oakland, CA – April 3, 2009 – PropertyBridge, Inc., a MoneyGram company, and the leading provider of electronic payment services to the residential real estate management industry, today announced that it will demonstrate its Payments Platform at booth #523 at the PAYMENTS 2009 conference hosted by NACHA  – The Electronic Payments Association.  The conference runs from April 5-8, 2009 at the Orlando World Center Marriott Resort and Convention Center in Orlando, FL.

At the conference, PropertyBridge will extend its reach to financial institutions looking to offer a compelling vertical market payment solution for the property management industry. Financial institutions can visit PropertyBridge at booth #523 to learn how they can boost deposit volume, strengthen ties with existing clients, and attract new property management customers by making it easier for them to collect rent and lease related payments from tenants.

With many aspects of the real estate market faltering, now is an opportune time to lay the groundwork for exploiting new opportunities in multifamily rental payment processing with a vertical solution that meets the specific needs and requirements of this growing sector.

The PAYMENTS conference provides attendees with the latest research, insights, trends and forecasts delivered by expert payments practitioners from all around the world.  Close to 2000 professionals are expected to attend this year’s show.

About NACHA

NACHA—The Electronic Payments Association represents more than 11,000 member financial institutions, a network of regional payments associations, and 585 organizations through its industry councils. NACHA manages the development, administration, and governance of the Automated Clearing House (ACH) Network—an efficient, reliable, and secure payments system that facilitates commerce electronically. NACHA serves its members by promulgating the NACHA Operating Rules, managing the ACH Network, promoting the value of ACH payments, and offering tools and resources to facilitate the adoption of ACH payments.

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) and cash payments at more than 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 and First National Bank of Omaha. MoneyGram, Inc. acquired PropertyBridge in October 2007.

Contact

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