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Higher One Launches VendorPay for Colleges and Universities |
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New Higher One e-Payment System Increases Efficiencies by Allowing Campus Accounts Payable to Go 100% Electronic
[New Haven, CT – November 26, 2012] - Higher One, a leader in providing financial services and data analytics to over 1,250 college and university campuses across the U.S., announces the launch of its new service, VendorPay, for institutions of higher education. This new streamlined payment processing system is designed to create significant efficiencies and cost savings in the campus’ Accounts Payable department. VendorPay eliminates paper check disbursements to the campus’ vendors and suppliers and offers those vendors and suppliers an option to receive their payments faster and more predictably.
VendorPay simplifies Accounts Payable disbursements by streamlining not just the payment process, but also the secure storage of vendor data and payment preferences as well as detailed reporting and data for remittance and reconciliation for both the institution and the vendor.
Higher One’s VendorPay is powered by trusted bank partner, WEX Bank, a subsidiary of WEX Inc. (NYSE: WXS), a leading international provider of physical, digital, and virtual corporate card payment solutions, as well as Boost Payment Solutions, the leading expert in supplier enablement strategies and implementations for business-to-business electronic payment programs. The result is an established solution, tailored for the higher education market.
“VendorPay represents an opportunity for a campus to achieve significant cost savings, which is essential as colleges and universities are forced to navigate a challenging budgetary climate,” said Miles Lasater, COO and co-founder of Higher One. “Higher One is excited to bring its decade of campus know-how in streamlining disbursements to Accounts Payable. We are confident that VendorPay can be a win-win on both ends in terms of speed of delivery of payment, security, and reporting.”
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Higher One Ranked Fastest Growing Company in North America on Deloitte’s 2012 Technology Fast 500™ for the Third Consecutive Year |
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Higher One Secures Sixth Consecutive Company Award in 2012
[New Haven, CT – November 15, 2012] – Higher One, a leader in providing financial services and data analytics to over 1,250 college and university campuses across the U.S., announced it ranked 175 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. Higher One achieved 530% revenue growth over a five year period. This is the sixth company award celebrating growth or corporate culture that Higher One has received this year alone.
“We are pleased to secure a ranking on the Deloitte list three years in a row,” said Mark Volchek, Chief Executive Officer of Higher One. “Our success is evidenced in part by our growth but also by our ability to maintain an industry-high client retention rate of 99% or above through our fierce focus on service.”
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Higher One Unveils Campus Intelligence, Innovative Analytics Software for Higher Education |
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Campus Intelligence integrates student experience data to answer key questions for institutional effectiveness
[Denver, CO – November 8, 2012] – Higher One, a leader in providing financial services and data analytics to over 1,250 college and university campuses across the U.S., announced its newest software offering called Campus Intelligence from the floor of the EDUCAUSE conference today in Denver, Colorado. Campus Intelligence, a part of Higher One’s Campus Labs® suite, is an innovative new platform that enables higher education administrators to gain unprecedented insight into institutional effectiveness and student success from their computers, on their tablets, or from their smart phones.
“Campus Intelligence empowers the campus by bringing numerous data inputs together and analyzing the impact of certain elements of the campus experience,” explained Eric Reich, Senior Vice President, Campus Labs at Higher One. “Intuitive, powerful dashboards and analytic reporting enable the user to uncover information from demographic, experiential, and institutional data sets to help improve student learning and success. Campus Intelligence is a groundbreaking analytics solution that has low barriers to implementation, so that an institution can gain maximum benefit from the product right away.”
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Higher One Named #25 Great Place to Work® 2012 |
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Higher One Named to Best Medium Workplaces List for a Second Year in a Row
[New Haven, CT-- October 25, 2012] – Higher One, a leader in providing financial services and data analytics to over 1,250 college and university campuses across the U.S., announces that it has been named as one of the best medium workplaces in the United States by Great Place to Work® in their annual 2012 Best Small & Medium Workplaces list, published today by FORTUNE magazine. Ranked #25, the list recognizes companies that have exceptional workplace cultures. Now in its ninth year, the competition is divided into two categories, Small (50-250 employees) and Medium (251-999 employees).
Higher One was selected among hundreds of companies vying for a place on the list this year. Applicant companies opt to participate in the selection process, which includes an employee survey and an in-depth questionnaire about the company’s programs and practices. Great Place to Work® then evaluates each application using its unique methodology based on five dimensions: credibility, respect, fairness, pride, and camaraderie. Organizations named on the list see many benefits that include better financial performance, less employee turnover, higher levels of customer satisfaction and loyalty, more innovative and creative thinking, higher productivity, and enhanced public perception.
“Our culture at Higher One is built around mutual trust and empowerment in our employees,” said Miles Lasater, COO and Co-Founder of Higher One. “Our commitment to applying these values, encouraging our employees to feel comfortable sharing their opinions, and creating a fun place to work allow us to achieve the honor of ‘great place to work’ year upon year.”
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