news release

PropertyBridge Publishes White Paper Addressing Key Compliancy Issues for Property Managers

OAKLAND, CA - April 12, 2005 - PropertyBridge™, an Oakland, California-based payment services provider, today announced that it has released a white paper that addresses key compliance issues that affect property manager and owners.

Titlled "The Guide to Payment Systems Compliance for Property Managers", the white paper helps demystify some of the complex issues that surround the online collection of rent and related service payments.

The online collection of rent and related service payments is an increasingly popular resource offered by property managers to their residents. The white paper reports on how online payments that do not comply with state/local real estate laws, credit card association rules and common sense business practices can be risky and counter- productive.

The white paper also reviews how credit card association rules, State and local real estate laws, and Federal legislation covering Fair Housing, Fair Credit Reporting and Accounting practices have been agreed to and implemented by regulators to protect consumers and investors, defend the integrity of national infrastructure and systems and ensure that acceptable business standards are maintained.

About PropertyBridge, LLC

PropertyBridge develops a standard-setting online payment platform specifically for property managers. The company is focused on increasing online payments for transactions like rent payments. PropertyBridge achieves this with proprietary software and business processes jointly developed with strategic partners and vendors. The contextual environments created by the PropertyBridge Payments Platform streamline key financial functions for property managers and make it compelling for their residents to pay their rent and other real estate expenses using payment cards.

Contacts

Peter Mansfield
Vice President of Marketing
510-550-7211
pmansfield@propertybridge.com

To receive email alerts on PropertyBridge news contact us at news@propertybridge.com