Higher One Holdings, Inc : Higher One and Wright Express Financial Services Corporation Announce Agreement

Partnership Builds Further Momentum for Higher One's Multi-Partner Banking Strategy

NEW HAVEN, Conn.--(BUSINESS WIRE)--Jan. 13, 2012-- Higher One, a technology and payment services company focused on higher education, announces that it has entered into an agreement with Corporation, a subsidiary of Wright Express Corporation (NYSE: WXS), a leading global provider of value-based business payment processing and information management solutions. Under the Agreement, Wright Express Financial Services Corporation will establish, provide, and maintain Higher One's account offering (), for a portion of Higher One's customers in addition to providing other banking functions. Higher One will continue to administer the accounts, providing and other functions such as processing and technology-related aspects of the accounts.

"Banking partners are an important element of Higher One services and so we've solidified a multi-bank partnering strategy in an effort to broaden relationships and add further operational redundancy," said Miles Lasater, co-founder and COO of Higher One. "This new agreement with Wright Express is a forward step in our commitment to executing larger strategies that enhance the value of our services to accountholders."

"Higher One enjoys a terrific reputation in the higher education business services community," said Kirk Weiler, president and CEO of Wright Express Financial Services Corporation. "It is a company that is clearly poised for growth and we are very pleased to have initiated this relationship."

About Wright Express

Wright Express (NYSE:WXS) is a leading provider of value-based, business payment processing and information management solutions. The company's fleet, corporate and prepaid payment solutions provide its more than 350,000 customers with unparalleled security and control across a wide spectrum of business sectors. The company's subsidiaries include Wright Express Financial Services, Pacific Pride and Wright Express International, including Wright Express Prepaid Cards Australia and Wright Express Fuel Cards Australia. Wright Express and its subsidiaries employ more than 850 associates in six countries. For more information about Wright Express.

About Higher One

Higher One Holdings, Inc. (NYSE: ONE) is a leading company focused on helping college business offices manage operations and providing enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans and more, Higher One works closely with colleges and universities to ensure students receive Financial Aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases and learn the basics of financial management.

Higher One provides its services to approximately 5.8 million students at distinguished public and private higher education institutions nationwide.Higher One.

Source: Higher One Holdings, Inc.

Higher One
News media:
Shoba V. Lemoine, 203-776-7776 x 4503
[e-mail]
or
Investors:
Ken Goff, 203-776-7776 x 4462
[e-mail]
or
Wright Express
News media:
Jessica Roy, 207-523-6763
[e-mail]
or
Investors:
Steve Elder, 207-523-7769
[e-mail]