U.S. Bank and Oakland Community College, Bloomfield Hills, Mich., have launched a combined campus ID and prepaid MasterCard program for the school’s 78,000 students and 788 staff members.
The new Raider One Card enables users access to various campus services, the ability to receive financial aid refunds and make purchases wherever debit a MasterCard is accepted.
With the Raider One Card, students and faculty can also pay for copy/print services on campus, access materials from local and state library resources and use it as their official college ID.
“This card not only streamlines student services but also it reduces the cost and staff time spent on issuing and mailing paper refund checks,” said Clarence Brantley, vice chancellor of administrative services.
Students and staff electing to activate a prepaid MasterCard account will pay no enrollment or monthly fees. Funds can be added to the account from one or multiple sources, such as a parent, employer or financial aid office. Cardholders can also withdraw funds from the account for free at any U.S. Bank or MoneyPass-branded ATM located on campus or nationwide. Online and mobile tools are available for cardholders to monitor their finances.
This is the second school U.S. Bank has recruited beyond its 25-state bank footprint. Last month, the bank introduced a combined campus ID and prepaid MasterCard at North Carolina State University.