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University of Louisville implements payment collection service to improve student and parent experience

Louisville adds more payment options for tuition payments with OnePay

New Haven, CT - June 16, 2009- Higher One, a financial services and payment

company focused exclusively on higher education, announced the University of Louisville has implemented Higher One’s new service, OnePay, to enhance the way students and parents make payments to the University.

OnePay is a complimentary, hosted, PCI-compliant, web-based payment solution that enables colleges and universities to accept incoming tuition and fee payments from students and parents online.

The service was designed to increase choice for the individuals making the payments and save the Institution time while reducing costs.

“The main reason that we implemented OnePay was because we wanted to offer more payment options to students and parents,” stated Jason Tomlinson, Assistant Vice President of Finance at University of Louisville.

Through a website UofL students and parents are already accustomed to, they are directed to OnePay at the point of payment. There are three payment methods to choose from: credit card (American Express®, Discover® or MasterCard®), ACH or e-check from an existing bank account, or a transfer from Higher One’s OneAccount - an optional, no monthly fee, no minimum balance FDIC Insured checking account.

Students can make payments for free when they use either the e-check or OneAccount payment options and are charged a convenience fee when they use a credit card.

“Since 60% of our students have chosen the OneAccount to receive their Financial Aid refunds, we think that adding OnePay will make it more convenient for parents and students along with providing them with additional options when making tuition payments,” explained Tomlinson.

As with all of Higher One products and services, Higher One handles all customer service for both the students and business officers at UofL. This offers tremendous value as Higher One handles all questions or concerns pertaining to payments. In addition, UofL administrators are provided with real time reporting that provides speed and control over all payments.

“We are excited to implement OnePay to not only offer more payment options to students and parents, but administrators will now have more time to focus on other office initiatives,” stated Tomlinson.

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. These include: student refunds, on-campus and community purchases, payroll and employee expenses, as well as the collection of payments from students, parents, and sponsors.

Higher One offers a suite of online banking services including the OneAccount, an FDIC Insured checking account, and OneCard, a Debit MasterCard. To date, Higher One has disbursed over $7.78 billion dollars in refunds for its clients to more than 2 Million students, faculty, and staff at over 305 distinguished public and private higher education institutions throughout the country.

Higher One recently ranked # 79 on the 2009 Fast 500 list of the 500 Fastest Growing Technology Companies in the United States. Higher One is based in New Haven, CT.

About University of Louisville:

The University of Louisville is a state supported research university located in Kentucky’s largest metropolitan area. It was a municipally supported public institution for many decades prior to joining the university system in 1970. The University has three campuses. The 287-acre Belknap Campus is three miles from downtown Louisville and houses seven of the university’s 11 colleges and schools. The Health Sciences Center is situated in downtown Louisville’s medical complex and houses the university’s health related programs and the University of Louisville Hospital. On the 243-acre Shelby Campus located in eastern Jefferson County is the National Crime Prevention Institute.

Media Contacts:

Kelly Rohrs

Edelman

212.819.4852

kelly.rohrs@edelman.com

Tom Kuhn

Edelman

212.704.4523

tom.kuhn@edelman.com

 
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