"We are always looking for ways to serve our students better," said Martin Terry, vice president for business affairs. "This partnership will provide our students with faster and more convenient access to their refunds and payroll, while maintaining security for their funds."

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, UF 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 Higher One OneAccount, a free FDIC insured checking account linked to a OneCard debit MasterCard®. UF chose to integrate the University's student IDs with the FDIC insured banking services of Higher One. By selecting the Full ID program with Higher One, UF will be able to provide a greater level of service to the students as well as reduce carding costs for the University.

“We are pleased to be providing The University of Findlay 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, 77 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.