Higher One Joins the Secure Vault Payments Network

NEW HAVEN, Conn.--()--Higher One Payments, Inc., a leader in providing payment and cashiering solutions to higher education intuitions, announced today that it will join the Secure Vault Payments network to offer the online payment method to its customers.

Secure Vault Payments is a safe, secure and private online payment network developed by NACHA — The Electronic Payments Association® and eWise, a provider of online payment & personal financial management solutions.

“Secure Vault Payments will enhance benefits for student and administrator customers at our partner colleges and universities. We have always been committed to continued security enhancements, and Secure Vault Payments will offer greater security and enhancements for real-time authorization of payments,” said Casey McGuane, Chief Service Officer at Higher One.

The only payment method designed specifically for the unique security and convenience requirements of online payments and e-commerce, Secure Vault Payments allows students and parents to make tuition payments to their schools through their financial institution’s online banking site without enrolling, registering or sharing any account information with the school. The financial institution authenticates the student and provides the school with real-time authorization and confirmation of ACH transactions.

“We are pleased to welcome Higher One to the Secure Vault Payments network,” said Richard Brierley-Jones, Executive Vice President of eWise. “As colleges and universities face budget reductions, Higher One’s commitment to providing enhanced services to colleges, universities, students and parents supports their reputation as leaders in higher education services.”

Companies interested in joining the SVP network should contact Dean Seifert, Senior Vice President, eWise at svp@ewise.com.

About Higher One

Higher One Payments, Inc. is a subsidiary of Higher One Holdings, Inc. (NYSE:ONE), a leading company focused on helping college business offices manage operations and provide enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans and more, Higher One works closely with colleges and universities to ensure students receive Financial Aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases, and learn the basics of financial management.

Higher One provides its services to distinguished public and private higher education institutions throughout the country to approximately 5.3 million students. More information about Higher One can be found at HigherOne.com

eWise

eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit www.ewise.com.

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Contacts

eWise
Patti Duncan, 303-256-6276
pduncan@ewise.com
or
Higher One
Elissa D’Orazio Edelman, 212-642-7787
elissa.d'orazio@edelman.com

Release Summary

Higher One joins the Secure Vault Payments network to offer a safe, secure payment option that doesn't ask students to share personal account data.

Contacts

eWise
Patti Duncan, 303-256-6276
pduncan@ewise.com
or
Higher One
Elissa D’Orazio Edelman, 212-642-7787
elissa.d'orazio@edelman.com