Higher One

July 23, 2003 New Haven, CT - The CBORD Group, Inc., a leading provider of campus card systems and Higher One, a leading provider of customized private label and one card banking solutions to higher education institutions have announced a partnership agreement that will make the companies' systems interoperable through CBORD's Campus Elements© Program.

Under the agreement, the two companies are jointly developing an interface which will provide seamless operation between CBORD Odyssey Privilege Control System and Higher One's system to provide joint customers the advantage of targeted banking services along with their campus card privileges. This new solution provides increased benefits to campus cardholders by extending the use of the campus card to off-campus merchant locations worldwide. In addition, this new partnership allows customers the ability to integrate with checking deposit accounts.

"We are excited to bring this interesting new set of banking services and capabilities to our campus card clients", says Bruce Lane, CBORD partner and Vice President. "Our Campus Elements Program has allowed best-of-breed services and systems to be interfaced to our campus card systems, providing our customers with industry-standard solutions. The Higher One solution is a dynamic new addition to the Campus Elements Program and could provide significant benefits to universities and their students alike".

Dean Hatton, Higher One CEO stated, "We are pleased and excited about our new partnership with CBORD. Together, Higher One and CBORD will provide interesting and new value-added services to the higher education market as we develop systems interoperability." Walter Hinckfoot, VP National Sales adds "Through this partnership, colleges and universities can 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 CBORD clients in the near future."

About The CBORD Group, Inc.
CBORD was founded in 1975 to serve the needs of campus auxiliary services. With the introduction of its first campus card system in 1979, CBORD has grown to serve the largest installed base of campus card and cashless systems users across North America. CBORD's Odyssey PCSä is its sixth generation campus card system and represents state-of-the-art network and internet-enabled privilege control services.

CBORD's Odyssey platform also provides integrated housing management solutions for universities as well as interfaced operations with industry-standard CBORD food management software. The CBORD Group, Inc. is headquartered in Ithaca, New York. Visit CBORD at www.gotmycard.com and www.CBORD.com.

About Higher One

Founded in 2000, Higher One provides higher education institutions and their students with efficient, convenient and easy-to-use solutions to handle financial disbursements. These include: student refunds, on-campus and community purchases, payroll and employee expenses, as well as the collection of payments from students, parents, and sponsors.

Higher One offers a suite of online banking services including the OneAccount, an FDIC-insured checking account, and OneCard, a Debit MasterCard^®. To date, Higher One has disbursed over $4 billion dollars in refunds for its clients to more than 1,000,000 students, faculty, and staff at distinguished public and private higher education institutions throughout the country.

Higher One recently ranked # 85 on the 2007 Inc. List of the 500 Fastest Growing Companies in the United States. Higher One is based in New Haven, CT.