HIGHER ONE AND HID GLOBAL COLLABORATE TO UNVEIL CAMPUS CARD WITH UNMATCHED FUNCTIONALITY AND VERSATILITY

Campus Card of the Future to Debut at NACCU 2007 Annual Conference

NEW HAVEN, CT, February, 2007 - Higher One, a financial services company that provides Refund Management disbursement and banking services to higher education institutions, and HID Global, a leading manufacturer in the access control industry, today announced that they have worked together to develop a campus card that will offer unmatched service and functionality. The Higher One/HID Global joint project will deliver students the only card offering HID's proximity access control technology, that for the first time, can serve as a Debit MasterCard^® with purchasing power at millions of merchants worldwide.

As with current HID Proximity cards, students can use the card for access to dorm rooms, campus buildings and parking facilities. But the revolutionary new card can also be used to pay for books, meals, clothing, etc., anywhere MasterCard^® is accepted, both on and off-campus.

"We are extremely excited about the evolution of campus cards as we enter into this partnership with HID Global," said Dean Hatton, Chief Executive Officer of Higher One. "Both parties will be able to leverage each other's strengths to provide a campus card with more options than ever before."

Higher One's Debit MasterCard^® is one component of the company's OneFinance^SM service. It includes the OneAccount^SM, a no minimum balance, no monthly fee checking account, with the option of having financial aid refunds deposited directly into the account through their proprietary Refund Management called OneDisburse^®. Over 1% of all U.S. college students (more than 200,000 cardholders) use Higher One's OneAccount.

"We are excited to work with Higher One on the introduction of the first DebitCard MasterCard^® that contains HID proximity technology," said Chris Sincock, Vice President of Business Development, HID Global's AccessID division. "As educational institutions aim to reduce the number of different cards that students and employees must carry, the HID proximity-enabled MasterCard^® addresses their needs."

Further details about this one-of-a-kind campus card will be announced at the upcoming National Association of Campus Card Users (NACCU) Annual Conference, which opens on March 4th in Atlanta, GA. For additional information, visit the Higher One booth (#107) or the HID Global booth (#118).

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.