Re: bursar-l: Student Debit Cards

We use the Higher One refund process. It is a Debit Card issued to the students. The Higher One program has streamlined our refund process to the point of saving the college over 1200 man hours per year, plus the cost of checks and paper normally used in the check issuing process, in addition to getting the students their money at least a week or two sooner. Our students have accepted the program with great enthusiasm and are looking forward to the many enhancements that Higher One is developing. I would be happy to provide you with any additional information you want or answer any questions you may have, just give me a call at my office number. Richard Jacobs Director of Student Accounts Flagler College St. Augustine, FL 32084 Ph. (904) 819-6279 Fax (904) 826-0094 ________________________________ From: bursar-l-bounces@list.mail.virginia.edu [mailto:bursar-l-bounces@list.mail.virginia.edu] On Behalf Of ogendron2@spfldcol.edu Sent: Friday, February 15, 2008 2:52 PM To: bursar-l@virginia.edu Subject: bursar-l: Student Debit Cards Hello Fellow Colleagues, I've been told that students can have debit crads issued through their school for direct deposit of student refunds. Are there any schools that are doing this and can you give me any information as to how this works. Does the school market to national banks (I would assume a nat'l bank as students come from across the states) for bidding? Would it be used soley for refunds or can students also work study included? I was told that the cost could be free to the school and the student since the bank would aquire a substantial number of new accounts with some of them having the potential to become permanent customers. Are there any state regulations? (For example, can the student be forced to open an account against their will). I know nothing about this but I am very much interested in pursuing this if it proves successful. Thanks for any info anyone can give me. Olivia L. Gendron, MS Bursar Springfield College 263 Alden Street Springfield, MA. 01109 Phone (413) 748-3183 Fax (413) 748-3483 Olivia_L_Gendron@spfldcol.edu ************************ This email contains CONFIDENTIAL information intended only for the use of the addressee(s) named above. If you are not the intended recipient of this email, you are hereby notified that any dissemination or copying of this email is strictly prohibited. If you have received this email in error, please notify us by reply email and delete this email from your records. Furthermore, the contents of this email do not necessarily represent official policy of Flagler College. ************************

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Received on Mon Feb 18 08:10:32 2008