Campus Card of the Future to Debut at NACCU 2007 Annual Conference

NEW HAVEN, CT, February, 2007 - Higher One, a financial services company that provides Refund Management disbursement and banking services to higher education institutions, and HID Global, a leading manufacturer in the access control industry, today announced that they have worked together to develop a campus card that will offer unmatched service and functionality. The Higher One/HID Global joint project will deliver students the only card offering HID's proximity access control technology, that for the first time, can serve as a Debit MasterCardwith purchasing power at millions of merchants worldwide.

As with current HID Proximity cards, students can use the card for access to dorm rooms, campus buildings and parking facilities. But the revolutionary new card can also be used to pay for books, meals, clothing, etc., anywhere MasterCard is accepted, both on and off-campus.

"We are extremely excited about the evolution of campus cards as we enter into this partnership with HID Global," said Dean Hatton, Chief Executive Officer of Higher One. "Both parties will be able to leverage each other's strengths to provide a campus card with more options than ever before."

Higher One's Debit MasterCard is one component of the company's OneFinanceSM service. It includes the OneAccountSM, a no minimum balance, no monthly fee checking account, with the option of having financial aid refunds deposited directly into the account through their proprietary Refund Management called OneDisburseSM. Over 1% of all U.S. college students (more than 200,000 cardholders) use Higher One's OneAccount.

"We are excited to work with Higher One on the introduction of the first DebitCard MasterCard that contains HID proximity technology," said Chris Sincock, Vice President of Business Development, HID Global's AccessID division. "As educational institutions aim to reduce the number of different cards that students and employees must carry, the HID proximity-enabled MasterCard addresses their needs."

Further details about this one-of-a-kind campus card will be announced at the upcoming National Association of Campus Card Users (NACCU) Annual Conference, which opens on March 4th in Atlanta, GA. For additional information, visit the Higher One booth (#107) or the HID Global booth (#118).

About Higher One

Focused exclusively on higher education, Higher One provides Refund Management to higher education institutions and banking services to members of their community through a card based solution. Higher One's integrated solution helps it's clients reduce administrative costs, streamline business processes, create new revenue streams, increase student customer service and strengthen the campus community. Higher One's OneDisburse provides students with more choices and better services for receiving financial refunds and payroll. Higher One also offers a suite of banking services called OneFinanceSM, which includes the OneAccount, a no minimum balance, no monthly fee checking account with the OneCard, a Debit MasterCard for ATM withdrawals and purchases, and exclusive features such as "Send Money", Easy RefundSM, and Campus AutoLoad. The OneFinanceSM and OneDisburse solutions can be integrated with the institution's ID card or provided through a separate "refund only" card.

To date, Higher One has disbursed $2 billion dollars in refunds for its clients. More than 600,000 students, faculty, and staff at distinguished public and private higher education institutions use Higher One's services through their ID or refund card.