NEWS RELEASE

PropertyBridge to Exhibit at the National Apartment Association Conference and Expo

Oakland, CA – June 25, 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 #638 at the 2009 National Apartment Association (NAA) Education Conference & Expo. The event is being held at the Mandalay Bay Resort and Casino in Las Vegas, June 25-27.

The NAA Education Conference and Exposition brings together more than 5,500 multifamily housing professionals at the largest national gathering of buyers and sellers in the industry. For more information about the NAA Education Conference and Exposition, including sessions, workshops and exhibitors, click here.

About NAA

The National Apartment Association (NAA) is America's leading advocate for quality rental housing. The National Apartment Association provides a wealth of information through advocacy, research, technology, and strategic partnerships and provides education and training opportunities for both multisite managers and onsite staff.

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