overview

PropertyBridge, a MoneyGram company, is the leading provider of electronic payment processing services for the real estate management industry.

Formed in 2003 by a diverse group of financial services, technology, marketing and real estate professionals, PropertyBridge launched its first solutions for large property management firms in 2004.

PropertyBridge now serves customers across the United States. These include some of the largest property management companies serving millions of residents.

MoneyGram, Inc. acquired PropertyBridge in October 2007.

Products AND SERVICES

The PropertyBridge Payments Platform offers an integrated, flexible infrastructure that makes it easy for property managers to build out secure, friendly online payments solutions.

Using PropertyBridge property managers can offer all payment types and channels through a single web interface while integrating payments seamlessly into property management accounting software. Residents can pay rent and other lease-related transactions using any of six payment types including credit/debit cards, ACH, electronically scanned paper checks, cash payments at retail locations and online bank bill. Property managers save time, improve operational efficiencies and reduce resident delinquencies. See our Top 10 Reasons for Property Managers to Automate Payments.

PropertyBridge’s Payments Platform is structured around three modules - Lease-Up, Rent and Collection. This approach allows property managers the flexibility to customize electronic payment options throughout the leasing process.

Market Opportunity

Large property management firms are responsible for tens of thousands of units and many millions of dollars in payments. Collecting rent and other transactions is a key business function that has been chronically under-served prior to PropertyBridge's launch of its Payments Platform.

For the first time large property management companies can offer residents a full range of payments types from within a framework that is compliant and fully integrated with their existing systems and processes. This eliminates the need to struggle with home-grown development projects. PropertyBridge also offers a compelling alternative to smaller property management firms that have struggled with the non-compliant processes and erratic business practices of third party payments products.

MEMBERSHIPS

PropertyBridge is a sponsor of the Multifamily Industry Transactions Standard (MITS) organization. MITS is an industry-wide effort by the apartment sector to develop common data standards and XML protocol to facilitate data and systems integration.
The company is also member of national industry trade associations including the National Apartment Association (NAA), the National Multi Housing Council (NMHC), and the National Association of Residential Property Managers (NARPM).

Partners

In response to PropertyBridge's commitment to compliant, convenient and secure data-driven payment services, leading financial services organizations have formed key alliances with the company. These partnerships are serving as a watershed moment in the property management industry. The alliances include a co-developed, industry-pioneering incentive program for multifamily housing managers that actively promote credit card payments and share the PropertyBridge commitment to secure and compliant payment processing.  See our Partners Overview page for more information.

To learn more about becoming an affiliate, please contact PropertyBridge at info@propertybridge.com.

Founded: 2003

Headquarters: Oakland, California

Management Team

The PropertyBridge management team includes a diverse group of professionals with extensive national and international experience in implementing landmark technology and financial services solutions. Visit our Management Team page for more information.