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Rego Payment Architectures, Inc., along with its subsidiaries, operates as a technology company offering an online and mobile payment platform solution for families. The company's system enables parents and children to manage, allocate funds, track expenditures, savings, and charitable giving through a mobile app and web portal. The payment platform also ensures real-time regulatory compliance and safeguards vendors from inadvertent regulatory violations. Products are offered under the Oink brand name. Founded in 2008, headquartered in Blue Bell, Pennsylvania.
Rego Payment Architectures (OTCQB: RPMT) has reported a surge in demand for its child-friendly digital wallet solutions, which are COPPA and GDPR compliant. The company has secured a significant banking partnership and raised approximately $100 million in funding to enhance its product offerings. CEO Peter S. Pelullo emphasized the need for financial literacy tools among children, addressing regulatory challenges faced by banks. The partnership with Q2 allows wider distribution of its wallet service. REGO's unique compliance with child data protection laws positions it strongly in the market.
Rego Payment Architectures Inc. (OTCQB: RPMT) has integrated its Family Wallet Banking-as-a-Platform with Q2’s Digital Banking Platform through the Q2 Partner Accelerator Program. This integration enables banks and credit unions to offer REGO’s MazoolaEnabled solution to their customers, promoting a family-oriented banking experience. The mobile wallet sector is projected to exceed $3.5T in 2023, enhancing market potential for REGO. CEO Peter S. Pelullo emphasized the opportunity to engage families, while Johnny Ola from Q2 welcomed the collaboration, enhancing digital offerings for financial institutions.
Rego Payment Architectures (RPMT) has secured a $20 million line of credit from investor James Davison to expand its Banking-as-a-Platform services. This funding supports the development of its COPPA and GDPR compliant super app, Mazoola. CEO Peter S. Pelullo emphasized that the additional capital would enhance REGO's strategic position amid growing demand from banks for privacy-first fintech solutions for families. With a total funding of approximately $100 million, REGO aims to solidify its market presence in 2023, aligning with increasing legislative and consumer pressure for enhanced online privacy in children's digital interactions.
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.
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