Delivering payroll to students, faculty and staff poses several challenges for both the employee and the College or University. The following illustrates how Spring Arbor University (MI), Sam Houston State University (TX), Angelo State University (TX), Flagler College (FL), and Wittenberg University (OH) have streamlined their payroll distribution process with Higher One. Contact your Relationship Manager with any questions.

How these Colleges and Universities Benifited:

• Streamlined payroll disbursements through one file and one wire to Higher One (just like refunds).
• Reduced risk of banking data (direct deposit) being stored on campus.
• Staff time freed for other functions.
• Smooth transitions— students are familiar with process as a result of its similarity to OneDisburse^® Refund Management®.

Problems With Payroll

Offering in-house direct deposit requires the College or University to gather and manage a large amount of student banking data. This information is ever changing, so the amount of time devoted to the maintenance of this data is significant. Once information is obtained, the College or University also has to ensure that the data remains protected from any potential security risk. The process of issuing paper checks is costly. There are the costs of paper, printing, postage, collating plus the reconciliation of each payment, address returns, and inquiries from employees. There are even more costs to consider in the event that errors are made in the amount of the check. Each of these cases leads to stop payment fees and general service needed to rectify the problem.

Benefits for Employees (Students, Faculity and Staff)

• Avoid lines, check cashing or depositing and receive access to cash faster with electronic choices.
• Receive email receipt for payroll availability and online payroll history.
• Manage refunds, payroll, banking and carding needs through one website.
• Easy for students to go online and change payroll preferences.