Schreiner University to Adopt Higher OneŽ’s CASHNet ePayment and Smartpay Modules

Business Officers look forward to saving time processing payments with CASHNet suite products

New Haven, CT – February 8, 2011 - Higher One Payments, Inc., a technology and payment services company focused on higher education, announced it has been selected by Schreiner University, a four year liberal arts school located in Kerrville, TX, to streamline payments on campus through integration of CASHNet ePayment and CASHNet Smartpay.

Payments at Schreiner are currently processed manually through checks, credit cards and money orders. “Higher One will save our staff time by streamlining the cash processing function”, said Barbara von Brandt-Siemers, Controller.  She also noted that CASHNet ePayment was selected to process payments because Schreiner wanted to be able to “offer students and their parents the opportunity to pay their tuition online.”

CASHNet ePayment offers authorized user functionality which is uniquely appealing to Schreiner because it provides FERPA compliant access to account balance information for parents and other third parties.  Installment payments, recurring payments, tuition, and miscellaneous charges can all be confirmed and documented to specific accounts or against a total balance.  CASHNet Smartpay will enable Schreiner to outsource credit card transactions to reduce overhead, protect against data theft and alleviate the burden on administrators.   

In evaluating providers of payment processing solutions, Higher One emerged as the strongest candidate because of current clients’ endorsements and their ability to provide seamless interface with the ERP system that Schreiner uses.  

About Higher One:

Higher One Payments, Inc. is a subsidiary of Higher One Holdings, Inc. (NYSE:ONE), a 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 ensure 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 to approximately 5.3 million students. More information about Higher One can be found at HigherOne.com

About Schreiner University:

Schreiner University is an independent coeducational liberal arts university related by choice and by covenant to the Presbyterian Church (U.S.A.). For more information, visit our website at www.schreiner.edu or call the Office of Admission at 830-792-7217.

 

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