Higher One Payments, Inc., a technology and financial services company focused on the higher education market, and Travelex Global Business Payments, Inc., the world’s leading non-bank provider of international payment services, announced today the first deployment of their joint electronic tuition payment solution with Houston Community College (HCC) in Houston, Texas. The announcement was made at the National Association of College and University Business Officers (NACUBO) Annual Conference, in Tampa, Florida. In response to the challenges administrators, international students and their parents face in making tuition payments at U.S. colleges and universities, Higher One and Travelex joined to create an enhancement to the functionality of the CASHNet® ePayment service to now allow international students to make payments to the college using their currency of choice. HCC has over 6,000 international students and also partners with colleges overseas. Recognizing a need, HCC was quick to implement the program on campus. “This new service will help international students before they arrive from their country of origin,” said Nandy Baldonado, Director of Student Financial Services, Houston Community College. “Prior to this new partnership with Higher One and Travelex, students could only make payments after they were enrolled, or once their visa was approved. There was a lot of traffic in the business office which will be avoided as students can now pay online.” “HCC is the first of many colleges who will benefit from the efficiencies that our partnership with Travelex can bring to their students,” said Casey McGuane, Chief Service Officer at Higher One. ”We anticipate several other schools who have signed on will soon be up and running.” “The process of transferring funds to make a tuition payment can often times be extremely time consuming and costly, especially with fluctuating foreign exchange rates,” said Matthew Lewis, Director, Partnerships and Alliances at Travelex Global Business Payments. “Higher One and Travelex provide a solution that streamlines the payment process, is more cost efficient, locks in an exchange rate that is more competitive than traditional banks, and integrates with the University’s existing ERP system.”
For more information about this integration please visit www.HigherOne.com/Travelex or register to attend our webinar “Enhanced International Payments and Integration on Campus” on Thursday, July 14 from 4:00 p.m.—5:00 p.m. EDT at: www.HigherOne.com/TravelexWebinar.About Travelex: Travelex is a global foreign exchange specialist providing the payment and receipt of domestic and international funds for businesses of all sizes. For more than 30 years, Travelex has provided clients with sophisticated market knowledge, leading edge technologies and practical and innovative solutions tailored to individual requirements. Every year, Travelex processes payments around the world for over 35,000 businesses to one million beneficiaries. For more information, visit www.travelexbusiness.com/na. In the United States, services are provided by Travelex Global Business Payments, Inc. or Travelex Currency Services, Inc. In Canada, services are provided by Travelex Canada Limited. 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 Holdings, Inc. 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 Holdings, Inc. provides its services to distinguished public and private higher education institutions throughout the country to approximately 5.4 million students. More information about Higher One Holdings, Inc. and its subsidiaries can be found at HigherOne.com.