Higher One Holdings, Inc., is incorporated in Delaware in 2000. The Company provides technology-based refund disbursement, payment processing and data analytics services to higher education institutions and students. It also provides banking services to campus communities. Its products provide significant benefits to both higher education institutions and their campus communities, including students. For its higher education institution clients, it offers its Refund Management(r) funds disbursement service. As of December 31, 2013, more than 600 campuses serving approximately 5.0 million students had purchased the Refund Management service. It offer payment transaction services through its Payment Processing suite of payment products, which are software-as-a-service solutions that facilitate electronic payment transactions allowing higher education institutions to easily receive electronic payments from students, parents and others for essential education-related financial transactions. It also offers a suite of data analytics products to higher education institutions called Educational Services which is one of the only specialized, comprehensive assessment programs that combines data collection, reporting, organizing and campus-wide integration. Some of its competitors are Nelnet, Inc., PNC Financial Services Group, Inc. and TouchNet Information Systems, Inc.