Higher One and Wright Express Financial Services Corporation Announce Agreement
January 13 2012 - 8:30AM
Business Wire
Higher One, a technology and payment services company focused on
higher education, announces that it has entered into an agreement
with Wright Express Financial Services Corporation, a subsidiary of
Wright Express Corporation (NYSE: WXS), a leading global provider
of value-based business payment processing and information
management solutions. Under the Agreement, Wright Express Financial
Services Corporation will establish, provide, and maintain Higher
One’s account offering (the OneAccount), for a portion of Higher
One’s customers in addition to providing other banking functions.
Higher One will continue to administer the accounts, providing
customer services and other functions such as processing and
technology-related aspects of the accounts.
“Banking partners are an important element of Higher One
services and so we’ve solidified a multi-bank partnering strategy
in an effort to broaden relationships and add further operational
redundancy,” said Miles Lasater, co-founder and COO of Higher One.
“This new agreement with Wright Express is a forward step in our
commitment to executing larger strategies that enhance
the value of our services to accountholders.”
“Higher One enjoys a terrific reputation in the higher education
business services community,” said Kirk Weiler, president and CEO
of Wright Express Financial Services Corporation. “It is a company
that is clearly poised for growth and we are very pleased to have
initiated this relationship.”
About Wright Express
Wright Express (NYSE:WXS) is a leading provider of value-based,
business payment processing and information management solutions.
The company's fleet, corporate and prepaid payment solutions
provide its more than 350,000 customers with unparalleled security
and control across a wide spectrum of business sectors. The
company's subsidiaries include Wright Express Financial Services,
Pacific Pride and Wright Express International, including Wright
Express Prepaid Cards Australia and Wright Express Fuel Cards
Australia. Wright Express and its subsidiaries employ more than 850
associates in six countries. For more information about Wright
Express, please visit wrightexpress.com.
About Higher One
Higher One Holdings, Inc. (NYSE: ONE) is a leading company
focused on helping college business offices manage operations and
providing 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 approximately 5.8 million
students at distinguished public and private higher education
institutions nationwide. More information about Higher One can be
found at HigherOne.com.
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