MINNEAPOLIS & RALEIGH, N.C., Apr 18, 2012 (BUSINESS WIRE) --U.S. Bank and North Carolina State University (NC State) have partnered
to offer the Wolfpack One Card, a campus identification card that
doubles as a prepaid MasterCard(R) card, to the incoming
freshman class in June 2012. Current students, faculty and or staff
members can upgrade starting in October 2012. As part of the contract,
U.S. Bank will also deploy ATMs on campus.
U.S. Bank is a leader in offering multiple banking services to students,
faculty and staff on university campuses, including dual-purpose banking
and ID cards, but this is the first time that the company has combined
the ID with a prepaid card. The card can be used for purchases wherever
debit MasterCard cards are accepted.
"Our partnership with NC State offers students and staff of this
nationally-recognized university the convenience and security of having
a single card that operates as their campus ID and a card they can use
to pay for purchases," said Kevin Morrison, senior vice president at
U.S. Bank. "With U.S. Bank's prepaid MasterCard functionality,
approximately 34,000 students and 8,000 staff members now have the
ability to receive a direct deposit from their employer, the financial
aid office or their parents and to spend those funds on or off-campus.
They also have the benefit of U.S. Bank's online tools so they can
easily stay informed and in control of their finances."
The new Wolfpack One Card continues to provide on-campus functionality,
including meal plans, the AllCampus debit account and door or parking
gate access to name a few.
"This relationship provides a significant upgrade to our existing card
program, giving our campus population a convenient card and banking
program when combined with MasterCard's worldwide acceptance," said Dr.
Dan Adams, associate vice chancellor for campus enterprises at NC State.
The Wolfpack One Card is free for new students and $10 for current
students, faculty or staff members who wish to upgrade. The card has no
enrollment or monthly fees, and no minimum balance required to keep the
account active. U.S. Bank offers email and text alerts to keep
cardholders informed about account activity - such as ATM withdrawals,
processed deposits or low balances - and access to a secure website
(online or via their mobile phone) to view account balances, check
transactions and make changes to the account anytime.
Parents, an employer or the university financial aid office can deposit
funds electronically, as can any other Wolfpack One Cardholder.
(Students electing to receive funds from multiple sources are required
to have a Deluxe account, which is free of charge.) Cardholders can
withdraw money for free at merchants where debit MasterCard cards are
accepted and at the 23,000 U.S. Bank or MoneyPass-branded ATMs.
For more information about the Wolfpack One Card, visit onecard.ncsu.edu,
or U.S. Bank Campus Banking, visit usbank.com/campusbanking.
About North Carolina State University
Founded in 1887, North
Carolina State University (NC State) is an institution distinguished by
its exceptional quality of research, teaching, and public service. It is
the largest university in the state, with more than 34,000 students and
8,000 faculty and staff. As a land grant university, NC State is one of
two research-extensive institutions in the 17 campus University of North
Carolina system. It is classified by the Carnegie Foundation as one of
only 31 universities nationwide with both "very high" research activity
and notable community engagement. NC State consistently ranks among the
nation's top public universities and best higher-education values. Visit
NC State on the web at www.ncsu.edu.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $341 billion
in assets as of March 31, 2012, is the parent company of U.S. Bank, the
fifth-largest commercial bank in the United States. The company operates
3,080 banking offices in 25 states and 5,061 ATMs, and provides a
comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. U.S. Bancorp and its employees are dedicated to
improving the communities they serve, for which the company earned the
2011 Spirit of America Award, the highest honor bestowed on a company by
United Way. Visit U.S. Bancorp on the web at www.usbank.com.
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SOURCE: U.S. Bancorp
Teri Charest, U.S. Bank Media Relations
(612) 303-0732, email@example.com
Holland Gilmore, NC State University
(919) 513-3017, firstname.lastname@example.org