New Haven, CT - June 20, 2007 - Higher One, a technology-driven financial services company serving higher education, announced today that fourteen additional colleges and universities have signed agreements to utilize Higher One's OneDisburse Refund Management improving the disbursement of refunds to their students. These signings were completed during the past eight months and represent more than 123,000 students. The schools include:
- St. Louis Community College
- Clayton State University
- Albany State University
- Chattahoochee Technical College
- Mount Wachusett Community College
- Pensacola Junior College
- Dowling College
- Des Moines Area Community College
- Berkeley College
- Pennsylvania College of Technology
- Edison College
- Pensacola Junior College
"We are very excited to partner with fourteen more colleges and universities and our collaboration underscores Higher One's commitment to provide administrations and students with cost-effective and time saving financial solutions," said Dean Hatton, President & CEO, Higher One. "These signings also signify that the higher education community, on a large scale, is embracing solutions such as those of Higher One to improve their student services and decrease administrative costs."
"HACC is extremely excited to be working with Higher One," said John Eberly, Assistant Controller, HACC, Central Pennsylvania's Community College. "Our partnership with Higher One will enable us to provide our students with better customer service. By allowing the students to select the method of refund disbursement that is most convenient to them we have been able to get the refunds to the students faster and with flexible options, while at the same time reducing administrative costs and subsequently freeing up staff to concentrate on other student-focused initiatives."
Higher One's Refund Management disbursement services streamline the entire process in which all disbursements and reconciliations are managed electronically and customer service needs are handled directly by Higher One. The schools benefit from the elimination of time-consuming functions, paper checks and errors while realizing significant cost savings throughout the organization. As part of the service, students will also be able to choose how they receive their refunds including the option to open a Higher One OneAccount, a free FDIC insured checking account linked to a OneCard Debit MasterCard.
"UT Tyler is happy to begin a partnership with Higher One in an effort to provide our students with faster, more convenient and better customer service regarding their refunds," said Sherry Powell, UT Tyler Director of Student Business Services. "By providing our students with a choice of three different ways to receive their refunds, we feel confident that OneDisburse Refund Management will improve the refund disbursement process."
With these signings, 75 colleges and universities in the U.S. are now using the Higher One platform. Since September 2002, Higher One has managed the disbursement of $2.2 billion for its client institutions totaling more than 1.6 million transactions. In that time period over one million students, faculty, and staff at these institutions have used Higher One's services through their ID or refund card.
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.
