Campus Cards, College and University Identification and Security

Higher One adds new checking account options

Friday, March 2, 2012

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.

The new checking account options include no PIN fees, a specified number of foreign ATM fee reimbursements and access to online budgeting tools that can help students track their spending and set budgeting goals.


“The additional checking account options that we are announcing were very popular with current customers and we are making them available to new customers in a direct response to the needs that have been expressed to us,” said Miles Lasater, Higher One COO.

He said the checking accounts are FDIC-insured with no minimum balance requirement. The checking accounts are linked to a debit MasterCard, not a prepaid debit or credit card, Lasater added.

The company’s OneAccount is part of Higher One’s refund management disbursement service that handles financial aid to students at more than 500 U.S. college and university campuses. [end] 

A study has revealed a clear need for greater and more differentiated financial literacy education in the K-12 environment.

The “Money Matters On Campus” report, now in its second-year, polled some 65,000 first-year college students across the country. In addition to the need for an early financial understanding, survey results indicate that colleges and universities should provide financial education at the onset of a student’s college experience to better ensure that students will make sound financial decisions later on. The study was conducted by Higher One and education technology specialist EverFi.

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All currently enrolled Brookdale students will now receive a Brookdale OneCard. This includes visiting, fast start, dual enrollment, distance learning, early high school students and high technology high school students taking classes on the Brookdale campus.

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Purchase increases university presence, curbs DOE regulatory worries

Already among the ‘Top of the Charts’ in the payment processing realm, Heartland Payment Systems catapulted to Rock Star status in the campus payment world this morning, announcing that it has entered into an agreement to acquire TouchNet Information Systems, Inc., a Lenexa, Kansas-based integrated commerce solutions provider to higher-education institutions.

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Santander brings international experience to U.S.

Santander Universities U.S. is the latest player to enter the U.S. campus card banking market, and the bank intends to lay down roots in its new home. The Spain-based institution is among the world’s 20 largest financial institutions with strong presence in Europe, Latin America, Asia and now North America.

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