Bi-Coastal company added over 110 jobs in 2009

NEW HAVEN, Conn., Feb. 10 /PRNewswire/ -- Higher One, a provider of technology and payment services focused on the higher education market, today announced 2009 was its eighth straight year of record growth in the number of campuses that use its OneDisburse® Refund Management® platform.

"2009 was another strong year for us, as we welcomed campuses representing more than 700,000 students to our growing list of clients utilizing our OneDisburse Refund Management platform," said Dean Hatton, chief executive officer of Higher One. "In November, we acquired CASHNet, an industry leader in payment processing. The combination of these two product suites enables schools to access payment processing and refund services from one company."

In 2010, Higher One has already expanded services for students, including Financial Intelligence, a fully interactive software program designed to help students learn to effectively manage their finances.

Record Number of Campuses Added

In 2009, Higher One added colleges and universities representing more than 700,000 students to the company's OneDisburse Refund Management platform, including Western Kentucky University, University of Rhode Island and Broome Community College, supervised by the State University of New York.

Through Higher One, college students can receive financial aid refunds quickly, pay tuition and bills online, make on-campus and community purchases and learn the basics of financial management. Higher One provides its services to distinguished public and private higher education institutions throughout the country that have a total enrollment of more than 4 million students. To date, Higher One has managed university disbursements totaling more than $12 billion.

Business milestones

In November, Higher One announced that it had acquired CASHNet, a leader in payment management services to colleges and universities. The agreement allows colleges and universities to leverage the highest quality refund and payment services within a single relationship and has created a leading suite of services to help schools manage all their financial needs.

Focus on growth

In 2009, Higher One hired over 110 people in both part time and full time positions. Higher One has locations in New Haven, CT, and Alameda, CA, and has a number of other regionally based employees around the country.

"As the national unemployment rate continues to hover around 10%, we are happy to be a strong company and be a source of financial stability for our employees and partners across the country," said Hatton.

About Higher One

Founded in 2000, Higher One is the leading company focused on helping college business offices manage operations and provide enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans, and more Higher One works closely with colleges and universities to make sure students receive financial aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases, and learn the basics of financial management.

Higher One provides its services to distinguished public and private higher education institutions throughout the country that have a total enrollment of more than 4 million students. More information about Higher One can be found at www.HigherOne.com.

SOURCE Higher One

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