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Higher One upgrades refund disbursement service

Wednesday, April 6, 2011

Higher One, a New Haven, Conn.-based financial services company focused on higher education, has released an enhanced version of its OneDisburse refund management program.

The 2.0 adaptation enables a campus to seamlessly transition from an internally managed direct deposit refund program to OneDisburse.


The new version also provides the OneReview compliance service, an extension of Higher One’s Title IV compliance assurance program.

“When we founded Higher One as undergraduates, we relied on the ideas and feedback of campus business officers to build an attractive refund disbursement service,” said Miles Lasater, Higher One founder and chief operations officer.

“Eleven years later, our focus on obtaining and incorporating feedback from administrators, students, and parents has enabled us to build a refund disbursement service that enhances the effectiveness and service provided by our refund management solution.” [end] 

Tennessee’s Board of Regents has chosen Heartland Payment Systems’ Campus Solutions division to handle financial aid disbursement and refund management through Heartland’s Acceluraid financial aid disbursement product. The contract covers six universities, 13 community colleges and 27 technology centers.

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Higher One announced that it has added more than 25 new schools that will utilize its refund disbursement services and renewed contracts for 10 existing customers during the fourth quarter of 2011. The company now services about 200,000 more students.

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Higher One, a payment services company focused on higher education, has earned integration certification with Banner Digital Campus system with both of Higher One’s product offerings–the CASHNet suite of payment processing solutions and OneDisburse Refund Management service.

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Higher One expanded its checking account options for college students. Previously checking accounts were only offered to current customers but new customers can now have immediate access to three checking account choices tailored to suit the banking behavior of college students.

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