06 March, 2007
A collaboration between Higher One and HID Global has led to development of a campus card that includes both proximity access control and a debit MasterCard. Unveiled at NACCU, the new card can monitor access to dorm rooms and campus buildings while also being used to buy books, meals, clothing and more both on- and off-campus.
Campus Card of the Future Debuts at NACCU 2007 Conference
NEW HAVEN, CT – Higher One, a financial services company that provides refund management 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 MasterCard® with 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, on- and offcampus.
“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 OneFinance service, which 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 service called OneDisburse. 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 MasterCard debit card 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.”
About Higher One
Focused exclusively on higher education, Higher One provides refund management services to higher education institutions and banking services to members of their community through a card-based solution. Higher One’s integrated solution helps colleges reduce administrative costs, streamline business processes, create new revenue streams, increase student customer service and strengthen the campus community.
Higher One’s refund service, OneDisburse, provides students with more choices and better service for receiving financial refunds. Higher One also offers a suite of banking services called OneFinance, which includes the OneAccount, a no minimum balance, no monthly fee checking account, the OneCard, a Debit MasterCard for ATM withdrawals and purchases, and exclusive features such as “Send Money,” Easy Refund, and Campus AutoLoad for stored value programs. The OneFinance 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 almost two billion dollars in refunds for its college and university clients. More than 375,000 students, faculty, and staff at distinguished public and private institutions use Higher One’s services through their ID or refund card. In 2006, Higher One was recently recognized as a Rising Star (#10) in the Deloitte & Touche Technology Fast 500. For more information visit www.higherone.com.
About HID Global
HID Global is a leading manufacturer in the access control industry, serving customers worldwide with proximity and contactless smart card technologies; central station managed access controllers; secure and custom card solutions; digital identity and photo card management software solutions; secure card issuance solutions, and RFID electromechanical cylinders. Headquartered in Irvine, California, HID Global operates international offices that support more than 100 countries and is an ASSA ABLOY Group company. To learn more, please visit www.hidcorp.com.