U.S. Bank, NC State offer combined campus ID and MasterCard
18 April, 2012
category: Card Issuance, Education
U.S. Bank and North Carolina State University, Raleigh, have partnered to offer the Wolfpack One Card, a campus ID card that doubles as a prepaid MasterCard. The card will be offered to incoming freshmen beginning in June. Current students, faculty and staff can upgrade starting in October. As part of the contract, U.S. Bank will also deploy ATMs on campus.
According to U.S. Bank, this is the first time th bank has combined the ID with a prepaid card that can be used for purchases wherever a debit MasterCard is accepted.
“Our partnership with NC State offers students and staff the convenience and security of having a single card that operates as their campus ID and a card they can use to pay for purchases,” said Kevin Morrison, U.S. Bank’s senior vice president. With the bank’s MasterCard functionality, about 34,000 students and 8,000 staff members now can receive a direct deposit from their employer, the financial aid office or their parents. They also can utilize U.S. Bank’s online tools so they can stay informed about their finances.
The new Wolfpack One Card will also continue to provide on-campus functionality, including meal plans, the AllCampus debit account and door or parking gate access.
“This relationship provides a significant upgrade to our existing card program,” said Dan Adams, NC State’s associate vice chancellor for campus enterprises.
The Wolfpack One Card is free for new students and $10 for current students, faculty or staff members who wish to upgrade. The card has no enrollment or monthly fees, and no minimum balance is required to keep the account active. U.S. Bank offers email and text alerts to keep cardholders informed about account activity, such as ATM withdrawals, processed deposits or low balances. Users also have access to a secure Web site (online or via their mobile phone) to view account balances, check transactions and make changes to the account anytime.
Parents, an employer or the university financial aid office can deposit funds electronically, as can any other Wolfpack One Cardholder. Students electing to receive funds from multiple sources are required to have a Deluxe account, which is free of charge.
