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Higher One Names New Chief Risk Officer

Mark Archer Brings More Than 35 Years Experience across All Functions of Risk Management

[New Haven, CT – November 5, 2014]—Higher One, a leader in providing financial services and data analytics to more than 1,900 colleges and universities across the U.S., today announced that Mark Archer has joined the organization as Chief Risk Officer. He will oversee Higher One’s strategy and operational processes for all risk-related activities and will report directly to the newly formed Risk and Compliance Committee of the Higher One Board of Directors.  

Effective immediately, Archer will be responsible for the governance of significant risks across all functions of the business within Higher One.  Specifically, he will be responsible for identifying regulatory, enterprise, operating, business and product risks and developing and executing appropriate mitigation strategies and controls.

“Mark’s strategic leadership and wide-ranging experience will help guide Higher One in successfully addressing risk-related challenges and opportunities,” said Marc Sheinbaum, CEO of Higher One. “We are excited to have him join the leadership team and help manage the complex challenges we face surrounding risk and regulatory compliance.”

Ed Tech Start-Ups Recognized as 2014 EDUCAUSE Game Changers Business Competition Winners

Higher One, the competition’s sponsor, honors Lumen Learning, Crowdmark and CampusESP

Orlando, Florida, October 3, 2014—Educational technology start-ups focused on open educational resources (OER), online grading analytics and parent engagement strategies, have been recognized as the winners of the second-annual EDUCAUSE Game Changers Business Competition, sponsored by Higher One. As part of the competition, a select group of start-up companies were offered the opportunity to present their business plans, along with their products and services, to EDUCAUSE attendees as part of the conference’s Start-Up Alley exhibitor hall.

The competition’s grand-prize winner, Lumen Learning, utilizes research-based approaches to provide high-quality open courseware and support for institutions seeking to transition high enrollment courses to OER. Lumen’s OER-based courseware and support have been used by more than 60 higher education institutions, including six of the 20 largest U.S. community colleges and with system-level agreements in three states.

Higher One Opens Submissions for Annual Money on My Mind Video Contest

Contest Asks College Students to Share Financial Challenges and Advice with Peers for Chance to Win $2,000

New Haven, CT, October 1, 2014Higher One, a leader in providing financial services and data analytics to more than 1,900 college and university campuses across the U.S., has opened submissions for its annual Money on My Mind contest, asking students to submit a video about their money management challenges and the strategies they implement to overcome them.

Up to ten winning videos will be chosen and featured on Higher One’s One for Your Money blog, with each featured video winner receiving a cash prize and the grand prize winner receiving $2,000.

Higher One Announces 21 Recipients of its Annual Financial Literacy Counts Grant

Colleges and universities to receive total of $75,000 toward on-campus financial literacy programs

New Haven, CT, September 24, 2014Higher One, a leader in providing financial services and data analytics to more than 1,900 college and university campuses across the U.S., is pleased to announce 21 recipients of its Financial Literacy Counts grant program. A total of $75,000 will be distributed to winning colleges and universities in the program’s fourth year, which saw a record number of more than 125 applications representing 34 states and an array of four-year and two-year public and private institutions.

Higher One launched the Financial Literacy Counts grant program to provide institutions with funding for critical financial literacy awareness campaigns, workshops, online financial literacy tools and other activities and resources that promote financial capability among college students and provide opportunities to increase students’ personal financial management skills and abilities. This year marked the launch of a new track, Higher One Money Mentors, for those programs specifically focused on peer mentoring models and programs—seven of the recipients in 2014 were in this track.

“Higher One’s Financial Literacy Counts grant will be instrumental in providing University of Illinois students on all three of our campuses - Urbana–Champaign, Chicago and Springfield – a structured and innovative approach to financial capability,” says Andrea Pellegrini, Assistant Director of the Student Money Management Center. “This grant is supporting the launch of our Financial Literacy Badges Program, which structures various financial literacy programming on all of the campuses within the five core competencies defined by the U.S. Department of Treasury as Borrowing, Earning, Protect, Saving and Spending. Students can earn a digital badge for each core competency by participating in at least three educational activities associated with each core competency. These digital badges can then be displayed online.”

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Before Higher One, our students only had one way to get their refunds, and that was by paper check. With Higher One processing refunds for us, it has allowed us to provide more options for our students without having to enter and store student banking information. We also no longer have to handle sorting, stuffing and mailing thousands of checks.Suzanne ClaggettUniversity of West Florida
Higher One’s experience with college students and their focus on serving colleges distinguishes Higher One from all other financial service providers. We really liked the fact that the community college customer base is expanding for Higher One.Carla Chance St. Louis Community College

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