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PropertyBridge Executive Featured in Glenbrook’s NACHA Payments 2008 Report

Oakland, CA – May 21, 2008 - PropertyBridge, Inc., the leading provider of electronic payment processing services to the multifamily industry, announced that Ryan Gilbert, Vice President of PropertyBridge, was featured in Glenbrook’s “Field Report from NACHA 2008” as a highlight of the day’s sessions at the NACHA Payments 2008 conference held in Las Vegas, NV, May 18-21, 2008.
 
Mr. Gilbert was the featured speaker for Tuesday’s session titled “How to Build the Perfect Plan for ACH Adoption: A Real Estate Management Case Study.” The session focused on how to maximize the effectiveness of electronic payments within the residential property management industry, including methods and tips to ensure high adoption rates. DeeAnne Clowes, Senior Vice President of Operations for Greystar Real Estate Partners, and John Marts, Vice President of Wells Fargo, joined Gilbert on the panel.
 
Mr. Gilbert also participated as a panelist for the session “An Outsider's View of Payments,” moderated by Ms. Margaret M. Weichert, SVP, Business Planning and Development Executive at Bank of America. Other panelists included Gabriel Griego, VP, Marketing of Wesabe.com, Aaron Patzer, Co-founder and CEO of Mint.com, and Rajesh Jayaraman, Chief Technology Officer of Zopa, Inc.

NACHA is a not-for-profit association that oversees the Automated Clearing House (ACH) Network, one of the largest electronic payment networks in the world.  
 
Glenbrook is a payments strategy consulting firm founded in 2001. Through consulting services, the firm helps clients with strategy definition, product development, and the application of technology to solve leading edge problems in the financial services industry.  Glenbrook has senior-level experience with some of the top firms in the financial services and technology industries, including Amazon.com, Citibank, IBM and Visa.
 
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/ARC), cash payments at MoneyGram agent locations, online bank bill payment, and lockbox services. 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.
 
Contacts
 
Peter Mansfield
Vice President of Marketing
pmansfield@propertybridge.com