Rego Payment Architectures, Inc. Launches its COPPA-Certified Family Digital Wallet Integration with Q2 Software, Inc’s Digital Banking Solution
23 Outubro 2023 - 7:59AM
Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT) announced
today that it has launched the technical integration of its family
digital wallet with Q2 Software’s Digital Banking platform. Austin,
TX based Q2 Software, Inc. (“Q2”) (NYSE: QTWO) is a financial
experience company dedicated to providing digital banking and
lending solutions to banks, credit unions, alternative finance, and
fintech companies in the U.S. and internationally.
Having announced the partnership between REGO and
Q2 in March of 2023, the two organizations have since worked
closely to integrate REGO’s fully white-labeled solution with Q2’s
Developer Portal. Now, Q2’s network of over 450 financial
institutions can develop and launch a family digital wallet program
and integrate it into their Q2 digital experience.
This new offering will enable the children of customers and
members to spend, save, donate and invest, all through their
parent’s financial institution’s systems and brand. Additionally,
financial institutions using REGO’s platform will benefit from
enhanced child data privacy protections, as REGO is the only
white-label digital wallet solution to be COPPA (Children’s Online
Privacy Protection Act) Certified and GDPR compliant.
“As a fully white-labeled solution, REGO’s goal is to help
financial institutions grow deposits, engage with a younger
audience, and increase loyalty to their own brand, while leveraging
their existing BIN and systems,” says Peter S. Pelullo, REGO’s CEO.
“We value our partnership with Q2 and look forward to providing
their financial institutional clients with a robust family digital
wallet, a product that is in high demand by parents across the
country.”
The need for improving financial literacy among children as well
as youth banking capabilities continues to grow at a rapid rate.
According to a report by Cornerstone Advisors, children between
five and 17 years of age now have spending power of over $360
billion, making the youth segment a viable opportunity for banks
and credit unions to connect with future customers or members.
Learn more about how this partnership will reduce the barrier
for financial institutions of all sizes to launch a family digital
wallet at regopayments.com.
About REGORego Payment Architectures, Inc.
("REGO") is a family digital wallet platform that empowers
financial institutions to let their customer's children spend,
save, donate and invest in a safe, parent-controlled environment.
Founded in 2008, REGO is the only family digital wallet platform to
be certified COPPA (Children's Online Privacy Protection Act) and
third-party GDPR (General Data Privacy Regulation) compliant. REGO
has also been awarded multiple patents related to the safety of
parent and child data, including age verification of users. Built
from the ground-up to protect the privacy of children's data, REGO
offers financial literacy tools for parents to teach their kids to
be smarter shoppers, savers, givers and investors. Financial
institutions of all sizes can offer a family digital wallet product
through REGO as a white-labeled stand-alone application or fully
integrated into their existing app.
Safe Harbor Statement:
The information in this press release may contain
forward-looking statements on REGO’s current expectations and
projections about future events. These forward-looking statements
are not guarantees and are subject to known and unknown risks,
uncertainties, and assumptions about REGO that may cause the actual
results, levels of activity, performance, or achievements to be
materially different from any future results, levels of activity,
performance, or achievements expressed or implied by such
forward-looking statements. Important factors that could cause
actual results to differ materially from REGO’s expectations
include, but are not limited to: REGO’s ability to raise additional
capital, the absence of any material operating history or revenue,
REGO’s ability to attract and retain qualified personnel, the
ability to develop and introduce a new service and products to the
market in a timely manner, market acceptance of REGO’s services and
products, REGO’s limited experience in the industry, the ability to
successfully develop licensing programs and generate business,
rapid technological change in relevant markets, unexpected network
interruptions or security breaches, changes in demand for current
and future intellectual property rights, legislative, regulatory
and competitive developments, intense competition with larger
companies, general economic conditions, and other risks as
described by REGO in Item 1.A “Risk Factors” in REGO’s most recent
Form 10-K; other risks to which REGO is subject; other factors
beyond REGO’s control.
All subsequent written and oral forward-looking statements
attributable to REGO, or persons acting on REGO’s behalf, are
expressly qualified in their entirety by the foregoing. REGO has no
obligation to and does not undertake to update, revise, or correct
any of these forward-looking statements after the date of this
report.
Media Contact:
Nardos Yosef, AlloyOn behalf of Rego Payment Architectures,
Inc.regopayments@alloycrew.com855.300.8209
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