Welcome to our dedicated page for Rego Payment Architectures news (Ticker: RPMT), a resource for investors and traders seeking the latest updates and insights on Rego Payment Architectures stock.
Rego Payment Architectures develops white-label family financial lifecycle technology for financial institutions, with news centered on youth banking, senior financial management, and embedded digital banking integrations. Its youth banking products support earning, saving, spending, giving, and parental oversight for minors, with recurring company updates emphasizing child-data privacy, COPPA compliance, and branded deployment by banks and credit unions.
Company announcements also cover integrations with Jack Henry digital banking infrastructure, including Banno and Symitar-related connectivity, as well as partnerships that distribute REGO products through community banks, credit unions, and other financial-services channels. Senior financial management updates focus on tools that give caregivers and fiduciaries visibility into financial activity and potential fraud risks for older family members.
Rego Payment Architectures Inc. (OTCQB: RPMT) has announced significant advancements with its Banking-as-a-Platform (BaaP) offering, MazoolaEnabled, which has been awarded the GDPRkids™ Privacy Assured Shield by PRIVO. This recognition supports REGO’s plans for expansion into the UK and EU markets, highlighting its commitment to child online privacy. The Mazoola platform is tailored for family-oriented financial solutions and intends to address regulatory concerns regarding children's data security. CEO Peter S. Pelullo emphasizes the importance of protecting children's privacy in digital transactions, reinforcing REGO's strategic position in a growing market projected to exceed $3.5 trillion.
Rego Payment Architectures (OTCQB: RPMT) has successfully raised $10.4 million via a private placement of over 115,000 shares of its Series B Preferred Stock. The CEO, Peter S. Pelullo, indicated that the company is focusing on securing a commercial distribution agreement for its COPPA and GDPR compliant mobile wallet, Mazoola®, alongside its child-safe payment solution, MazoolaPaySM. REGO is committed to providing privacy-first fintech solutions for children, ensuring safe online transactions while maintaining compliance with privacy regulations.
Rego Payment Architectures, Inc. (OTCQB:RPMT) announces a Letter of Confidence from Venable LLP, affirming the accuracy of its data collection practices for the Mazoola® platform. This certification supports Mazoola's compliance with COPPA and GDPR, reinforcing its position as a leading privacy-first mobile wallet for children. CEO Peter S Pelullo indicated plans for strategic corporate actions focusing on intellectual property and product adoption. The commitment to user privacy, verified by a reputable law firm, positions the company favorably in a competitive tech landscape.
Rego Payment Architectures (OTCQB:RPMT) has partnered with Capco to enhance its white label banking integration capabilities. This alliance aims to expedite the rollout of its privacy-first super app, MazoolaEnabled®, to over 8,000 banks. As digital wallets are projected to exceed $3.5 trillion by 2023, REGO's solutions, compliant with COPPA and GDPR, address increasing concerns around children's online safety. The partnership leverages Capco's expertise in digital transformation, establishing REGO as a key player in the family-focused fintech landscape.
Mazoola®, the award-winning super app by Rego Payment Architectures, Inc. (OTCQB: RPMT), is set to introduce fractional investing capabilities for children starting June 30, 2022. This service, available for a monthly fee of $3.95, allows kids to buy and manage shares directly from their digital wallets. Brokerage services are provided by Alpaca Securities, ensuring regulatory compliance. This initiative aims to enhance financial literacy among children by enabling them to invest earnings from chores in companies they admire, laying the groundwork for essential money management skills.
Rego Payment Architectures, Inc. (OTCQB:RPMT) has appointed fintech veteran Stuart C. Harvey Jr. as Chairman of its Board of Advisors, enhancing its leadership as it targets growth in the digital wallet market. Harvey, with over 30 years of experience in payments and technology, aims to leverage REGO's unique, COPPA and GDPR certified Mazoola® platform aimed at families. The app is experiencing significant user growth, adding over 1000 new users weekly, and is poised to capitalize on the $3.5 trillion mobile wallet market, catering to the increasing demand for children's digital privacy.
REGO Payment Architectures (OTCQB: RPMT) has announced a strategic partnership with The Reputation Exchange (REPX) to develop financial solutions aimed at families and children in Europe. This Memorandum of Understanding focuses on creating privacy-oriented payment services for youth, enhancing existing REPX customer services, particularly in sports and entertainment sectors. The partnership leverages REPX’s established presence, with ties to renowned football clubs, and aims to expand REGO's award-winning family mobile wallet, Mazoola, across the UK, Italy, and Romania.
REGO Payment Architectures highlights the importance of online safety for children during a recent US House of Representatives hearing. Tech expert Rick Lane emphasized concerns over the collection of personal data from minors through financial apps, especially amidst a loophole allowing data harvesting without parental consent. REGO's Mazoola is noted as the only COPPA-certified digital wallet that prioritizes children's privacy, limiting data collection to essential information. Lane urged Congress to enact stricter online protections as digital wallets become increasingly popular among children.
REGO, announced on Dec. 8, 2021, the importance of teaching children financial literacy using its Mazoola app. The app serves as a safe digital wallet for kids, enabling parents to manage allowances and track spending. According to research, only 20% of college students received financial education, highlighting the need for early lessons in money management. The app encourages responsible spending in a fun, engaging way. In a survey, 50% of kids expressed interest in learning to save, showcasing a demand for financial education tools like Mazoola.
REGO's (OTCQB: RPMT) digital wallet platform, Mazoola℠, aims to educate children on social responsibility and financial habits during the holiday season. The app enables kids to make safe banking transactions, set savings goals, and donate to over 300,000 nonprofits with parental oversight. REGO emphasizes the importance of teaching children about budgeting, generosity, and community support. The app is free to download on both iOS and Android, with a no-cost one-year membership option. The initiative aligns with the upcoming Giving Tuesday, promoting empathy and gratitude among youth.