EXHIBIT 10.27
 
SECOND AMENDMENT TO DEPOSIT PROCESSING SERVICES AGREEMENT

This SECOND AMENDMENT TO DEPOSIT PROCESSING SERVICES AGREEMENT (this
"Amendment") is entered into as of June 20, 2012 by and between Higher One, Inc.
("Higher One") and Cole Taylor Bank ("Bank").

WHEREAS, Higher One and Bank are parties to that certain Deposit Processing
Services Agreement dated as of March 29, 2012 (the "Deposit Processing Services
Agreement"); and

WHEREAS, the parties hereto desire to amend the terms of the Deposit Processing
Services Agreement in accordance with the terms of this Amendment; and

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Parties hereto agree as follows:

1.  Unless otherwise defined in this Amendment, all capitalized terms used
herein shall have the definitions indicated in the Deposit Processing Services
Agreement.

2.  Section 2.11 of the Deposit Processing Services Agreement is hereby amended
and restated in its entirety as follows:

2.11  Joint Oversight Policies. The parties shall us best efforts and work
together in good faith to reach an agreement on the terms of the Joint Oversight
Policies on, or prior to, May 3, 2012, unless otherwise mutually agreed upon by
the Parties; provided, that the Parties hereby further agree to finalize the
terms of an execute: (a) the Joint Oversight Policies covering (i) financials
and (ii) IT controls on, or prior to, June 20, 2012 and (b) any remaining Joint
Oversight Policies not yet completed on, or prior to, May 3, 2012, including but
not limited to (i) business continuity, (ii) escheatment and (iii) annual due
diligence by Bank on, or prior to, July 27, 2012. Furthermore, the Parties shall
draft, finalize and execute a transition agreement addressing each Party's
responsibilities in conjunction with the future termination of this Agreement
and Depositor Program on, or prior to, July 27, 2012.

2.  This Amendment may not be amended, waived or modified in any manner without
the prior written consent of each party hereto.

3.  Except as specifically amended and modified hereby, all of the terms and
conditions of the Deposit Processing Services Agreement shall remain unchanged
and in full force and effect. This Amendment shall be governed by and construed
in accordance with the laws of the State of Delaware without regard to its
conflict of laws rules.

4.  This Amendment may be executed in one or more counterparts, each of which
shall be deemed to be an original, but all of which together shall constitute
one and the same instrument.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date
first written above.

COLE TAYLOR BANK

By: /s/ Randall T. Conte
Its: CFO

HIGHER ONE, INC.

By: /s/ Mark Volchek
Its: CFO