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Governor Rell Announces Higher One Expansion in New Haven’s Science Park

High-Tech Financial Services Company to Keep, Create 368 Jobs

New Haven, CT – December 7, 2010 - Governor M. Jodi Rell today announced that New Haven-based Higher One Inc. plans to expand its operations in Science Park, a move that ensures continued investment in the former industrial property, retains 165 jobs and will eventually create 203 new positions.

Higher One, a technology and payment services company focused on higher education, currently occupies building No. 25 at Science Park, a business incubator located at the former Winchester Repeating Arms Co. site. The company, in partnership with Winstanley Enterprises, Forest City Residential Group and Science Park Development Corporation, plans a $45 million project to rehabilitate two vacant buildings in the development to be used as Higher One’s new headquarters.

“Higher One is a genuine Connecticut success story – and it’s one that we’re all reveling in today,” Governor Rell said during a groundbreaking ceremony at the site. “The main characters are three ambitious young men who brought their imaginations, creativity and drive to Yale University about 10 years ago. The setting is Science Park and the themes are innovation and collaboration. Innovation in what Higher One founders Sean Glass, Miles Lasater and Mark Volchek accomplished – and collaboration in the work of the developers, the City of New Haven and, I am proud to say, the state, which has been an eager partner in the development of Science Park and is aggressively promoting all of its high-tech industries.

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University Business Magazine and Higher One Honor Nine More Colleges & Universities for Being 'Models of Efficiency'

Norwalk, CT - December 7, 2010 - University Business magazine and Higher One, Inc. (“Higher One”) are honoring nine colleges and universities in the fall 2010 round of their 'Models of Efficiency' program. Each honoree represents new approaches that streamline operations to deliver superior services to students and other constituents in less time and at lower cost.

'Models of Efficiency' is a national recognition program implemented by the magazine, in partnership with Higher One, to honor institutions of higher learning that meet the education business and technology challenges of today's campuses.

"We launched 'Models of Efficiency' to honor those colleges and universities that are applying the same kind of innovation and dedication to service that we're seeing from leading-edge companies in the private sector," said Tim Goral, editor-in-chief of University Business.

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Higher One CARES Supports Local Food Pantry

Higher One employees continue to assist local not-for-profits

New Haven, CT – December 2, 2010 – Higher One, Inc. (“Higher One”), a technology and financial services company focused on higher education, has collected over 1,000 pounds of food for FISH of Greater New Haven—a volunteer organization that delivers food directly to the homes of those in need in the area.  This is the second annual food drive that Higher One CARES, a group organized by Higher One employees to give back to the local community, has conducted for FISH.

Staffed by volunteers, FISH obtains 40 - 50% of food they distribute during the winter through food drives like the one coordinated by Higher One CARES.  These food drives help FISH get through the long, cold winter by ensuring that food will be available on pantry shelves to stock bags everyday.

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OneAccount – Now Even Better Value

New, fast and easy ways to make deposits to the OneAccount, come from student feedback

New Haven, CT – November 30, 2010 - Higher One, Inc., a technology and payment services company focused on higher education, announced today that it is adding new features to the OneAccount, the optional, no minimum balance, no monthly fee, FDIC Insured checking account. These new features include two new ways to make deposits.

“These new features of the OneAccount came about as the result of our dialogue with the students we serve,” explained Dean Hatton, President and Chief Executive Officer of Higher One. “Our focus on consumer-led innovation and near obsession on keeping our cost structure low has enabled us to provide what we believe to be an account that meets students’ needs while costing about half of what it can cost them to maintain any other checking account.”

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Testimonials

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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