Campus Cards, College and University Identification and Security

Higher One launches cash back rewards program

Wednesday, December 12, 2012

Financial services provider Higher One has introduced its OneRewards cash back program for checking accounts that college students enrolled at partner colleges and universities use.

Higher One checking account holders can now receive up to 30% cash back on purchases such as retail and dining, both online and in-store. The OneRewards program will be providing access to more than 100,000 merchants in the network.


All current and new Higher One account holders are automatically enrolled in the program at no cost.

To earn cash back online, customers log into OneRewards.com, click on an online offer, shop then check out on the retailer’s site. To earn cash back in stores, customers can swipe their Higher One card at any participating OneRewards retailer. An earnings profile tool calculates cash back per purchase and keeps track of all cash back earned and cash back deposits. At the end of each month, the rewards are deposited into customers’ accounts. [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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Regulatory action is being proposed in the campus-banking sector, with the U.S. Department of Education releasing its first draft of regulations on campus debit cards that will effectively prohibit certain fees, constrain marketing practices and institute transparency regarding the college-card provider relationship.

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The University of New Brunswick is adding a unique feature to its campus ID by harkening back the oldest payment method around, cash.

The new university identification cards double as cash cards that can be used at selected businesses on campus. The new IDs have seemingly been a big hit, as an estimated 1,100 students have already made the switch to the new credential.

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Students at the University of Illinois can now use their smart phone to pay for parking at campus meters.

The new Pay By Phone system is up and running at the university’s main campus and according to the Daily Illini could see rollouts to off-campus locations in Champaign and Urbana as well.

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