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DES MOINES AREA COMMUNITY COLLEGE SIGNS ON TO USE HIGHER ONE’S ONEDISBURSE® REFUND MANAGEMENT SM TO IMPROVE STUDENT SERVICES69 Higher Education Institutions Now Using Higher One’s Services Enabling Students to Receive Money Faster And With More Refund ChoicesNew Haven, CT – June 2007 – Higher One, a technology-driven financial services company serving higher education, announced today that Des Moines Area Community College has become the first college in Iowa to have signed an agreement to implement Higher One’s OneDisburseSM Refund Management improving the disbursement of refunds to their students. Des Moines Area Community College will have the ability to use this service to issue refunds for their fall semester.“Des Moines Area Community College is extremely excited to be working with Higher One” said Joe Robbins, Controller. “Our partnership with Higher One allows DMACC the opportunity to provide our students with a photo ID, and enables students to select a refund disbursement method that is most convenient to them.” Higher One’s OneDisburse Refund Management streamlines the entire disbursement process in which all disbursements and reconciliation are managed electronically and customer service needs are handled directly by Higher One. As a result, Des Moines Area Community College will benefit from the elimination of time-consuming functions, paper checks and errors while realizing significant cost savings throughout the organization. As part of the service, students will also be able to choose how they receive their refunds including the option to open a HigherOne OneAccount SM, a free FDIC insured checking account linked to a OneCardSM debit MasterCard®, known to the Des Moines Area Community College community as the DMAC OneCard.“We are pleased to be providing Des Moines Area Community College with a program that offers significant cost savings for the institution as well as more choices for students,” said Dean Hatton, President & CEO, Higher One. “The higher education community is quickly embracing solutions such as Higher One’s OneDisburse as colleges and universities nationwide look to improve their student services and decrease administrative costs.” With this signing, 69 colleges and universities in the U.S. have now signed on to use Higher One’s services. Since September 2002, Higher One has managed the disbursement of $2.2 billion for its client institutions totaling more than 1.6 million transactions. In that time period over one million students, faculty, and staff at these institutions have used Higher One's services through their ID or refund card. About Higher One Founded in 2000, Higher One provides higher education institutions and their students with efficient, convenient and easy-to-use solutions to handle financial disbursements including student refunds, on campus and community purchases, and payroll and employee expenses. The company also offers a suite of online banking services through OneFinance SM, which includes the OneAccount, a free checking account and OneCard, a Debit MasterCard with exclusive features such as "Send Money", Easy RefundSM, and Campus AutoLoad. Higher One is based in New Haven, CT and has over 100 employees.About Des Moines Area Community College Des Moines Area Community College is a publicly supported two-year institution serving the Des Moines metropolitan area and surrounding counties. The college has nearly 27,000 college credit students and 32,000 enrolled in continuing education or business training classes. DMACC offers more than 75 career programs, transfer degrees, and more than 3,000 classes on six campuses. DMACC is committed to adapting and growing to fit the needs of its student body.
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