December 6, 2002, New Haven, CT – Higher One Inc., the leading provider of customized one-card banking and electronic funds disbursement solutions to higher education institutions, and Diebold Inc., a global leader in integrated self-service delivery systems and services, have signed an agreement to make the companies’ card systems interoperable.
Under the agreement, the companies’ mutual clients will be able to realize additional benefits from the seamlessly integrated solution resulting from the synergies of this alliance. The joint solution creates a simple one-card solution for students, faculty and staff, allowing campuses to extend the functionality and convenience of their financial services into an off-campus environment. Card users will have access to a free bank account where they can receive university refunds and payroll deposits electronically using their card. This agreement also allows universities to add the Higher One banking and funds disbursement solution to their campus offerings with minimal cost or effort.
“Diebold’s unique approach to client satisfaction is in line with Higher One’s vision and innovative solution. Higher One offers full integration with Diebold’s advanced CS Gold™ platform,” said Walter Hinckfoot, vice president of sales for Higher One. “Through this agreement colleges and universities can now leverage their one-card solutions to provide added value for students and employees, while providing significant cost savings to the institution.” We look forward to speaking with all Diebold Card System clients in the near future.”
Said Brad Stephenson, general manager, Diebold Card Systems: “The open architecture of CS Gold 4.0 allows for enormous flexibility in terms of the relationships we can establish with other industry leaders, like Higher One. We are pleased to be working together to bring real value and convenience to colleges and universities.”
Diebold, Incorporated is a global leader in providing integrated self- service delivery systems and services. The company employs more than 13,000 associates with representation in more than 88 countries worldwide. Diebold reported revenue of $1.76 billion in 2001 and is publicly traded on the New York Stock Exchange under the symbol ‘DBD.’ For more information, visit the company’s Website at www.diebold.com.
About Higher One
Higher One Inc. provides customized one card banking and electronic funds disbursement solutions to higher education institutions. The company’s solutions help universities reduce administrative costs, streamline business processes, increase revenue opportunities, improve the student experience, and strengthen the campus community. The company is led by a team of executives with backgrounds in higher education, finance, banking, and entrepreneurship. Fred Frank, Vice Chairman of Lehman Brothers, John Griswold, VP for External Communications for the Commonfund, and other leaders in higher education and finance serve as advisors to the company. David Cromwell, former CEO of JP Morgan Capital, Greg Baroni, President Unisys Global Public Sector, and Paul Biddelman, President of Hanseatic Corporation, serve on Higher One’s board.
For Higher One press inquiries, contact:
122 Court Street
New Haven, CT 06511
For Diebold press inquiries, contact:
5995 Mayfair Road
North Canton, OH 44720