Release Date: December 19, 2003
New ID Program to Expand Services to ASU Students, Employees
Angelo State University has contracted with Higher One, a New Haven, Conn., financial services company for colleges and universities, to provide one-card banking and electronic funds disbursement through ASU's student, faculty and staff ID cards.
Beginning with the first summer term of 2004, ASU students, faculty and staff will have the option to use their ID card as a MasterCard Debit Card. The new system will allow those holding an ASU ID card to access a variety of customized banking services through the ASU OneCard.
The ID card program will allow ASU OneCard holders to use it for primary bank account access as well as to retrieve cash from ATMs, transfer money electronically and monitor their accounts on-line. Additionally, the ASU OneCard will permit students to receive their financial aid payments electronically. Eventually, the system will allow students to have their payroll checks as well as other disbursements deposited electronically into their accounts.
In addition to being a debit card accepted at more than 31 million merchants worldwide, the new ASU OneCard will also provide access to the university's RamBucks program, a stored-value account that allows students to use their ID card for purchases on campus. The ASU OneCard will be a benefit of enrollment or employment at Angelo State.
Sharon K. Meyer, ASU vice president for finance and administration, said students had requested a system that would provide them with an easier mechanism for handling their campus finances. The ASU OneCard program will benefit students by making their financial aid and other refunds available to them quicker. It will benefit the university through increased efficiency and administrative cost savings.
As a financial services provider, Higher One focuses on meeting the unique financial needs of higher education institutions. The company's goal is to help universities reduce administrative costs, streamline business processes, increase revenue opportunities, improve the student experience and strengthen the campus community.
Located in San Angelo, Texas, Angelo State is a public university with an enrollment of more than 6,000 students. ASU offers 46 bachelor's degree programs and 22 master's degree programs in the liberal and fine arts, business, sciences and education.