NEWS RELEASE

PropertyBridge to Exhibit at NAA's 2009 Student Housing Show

Attendees to Learn Why Campus Advantage and Leading Student Housing Managers Select PropertyBridge as Their Electronic Payments Provider of Choice

Oakland, CA – January 30, 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 #622 at the 2009 National Apartment Association (NAA) Student Housing Conference and Exposition. The conference is being held February 3-4, 2009 at The Venetian Palazzo Hotel and Resort in Las Vegas, NV.

 “We typically see very high adoption rates of 50% or higher for our student housing management clients like Campus Advantage,” stated Jason Gardner, Vice President of Business Development at PropertyBridge. “The Internet plays an integral role in the daily lives of young men and women who make up this resident demographic, and the convenience of paying rent online is a natural fit,” he added. Click here to read more about Campus Advantage's partnership with PropertyBridge.

NAA’s Student Housing Conference & Exposition is geared toward operational personnel involved in student housing management. More than 500 people are expected to attend this year’s show.

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