NEWS RELEASE

PropertyBridge Announces Customer Satisfaction Survey Results

Oakland, CA – March 9, 2009 - PropertyBridge, Inc., a MoneyGram company, and the leading provider of electronic payment services to the residential real estate management industry, today announced results of a recent customer satisfaction survey. The comprehensive survey was distributed to thousands of apartment properties nationwide that process rent and lease related payments through PropertyBridge.

PropertyBridge customer satisfaction survey highlights:

• Response rate of 16.5% by property managers participating in the survey, exceeding the typical standard of 10%
• 92% percent of property managers recommend PropertyBridge to their tenants as an easy and convenient way to pay rent and lease-related payments
• More than two-thirds of the respondents ranked PropertyBridge a 7 or higher on a scale of 1-10 when asked about their overall satisfaction with the product and customer service
• 90% of respondents stated that the PropertyBridge system was easy to use.

“We are extremely pleased with the results of our customer survey,” said PropertyBridge Vice President Jason Gardner. “The survey and results are a testament to the importance we place on quality and customer satisfaction. We intend to use surveys more regularly as a means to gain insight into areas that we can better serve our clients.”

For more information, please contact PropertyBridge at 866-RENT-002.

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