Rego Payment Architectures, Inc. Announces Its White-Label Senior Financial Management Product To Be Available End of March 2025
Rego Payment Architectures (OTCQB: RPMT) has announced the launch of its white-label senior financial management (SFM) product, set to be available from March 31, 2025. The solution enables banks and credit unions to protect elderly customers' financial well-being through comprehensive oversight tools for caretakers.
The platform addresses a critical need, as Americans over 60 lost more than $38 billion to financial fraud in 2023, triple the previous year's losses. According to FBI data, elderly fraud victims lost an average of $33,915, with nearly 6,000 seniors losing over $100,000 each.
Key features include:
- Cross-account visibility (checking, savings, credit cards, investments)
- Bill payment reminders
- Spending variance alerts
- Transaction monitoring
- Fraud detection with Protection Score
- Cash flow projections
The product builds on REGO's existing youth banking platform, offering financial institutions an integrated solution that meets growing market demand, with over 70% of adults seeking tools to manage their parents' finances.
Rego Payment Architectures (OTCQB: RPMT) ha annunciato il lancio del suo prodotto di gestione finanziaria senior (SFM) white-label, che sarà disponibile dal 31 marzo 2025. La soluzione consente a banche e cooperative di credito di proteggere il benessere finanziario dei clienti anziani attraverso strumenti di supervisione completi per i caregiver.
La piattaforma affronta un bisogno critico, poiché gli americani over 60 hanno perso oltre 38 miliardi di dollari a causa di frodi finanziarie nel 2023, il triplo delle perdite dell'anno precedente. Secondo i dati dell'FBI, le vittime di frodi anziane hanno perso in media 33.915 dollari, con quasi 6.000 anziani che hanno perso oltre 100.000 dollari ciascuno.
Le caratteristiche principali includono:
- Visibilità inter-account (conti correnti, risparmi, carte di credito, investimenti)
- Promemoria per il pagamento delle bollette
- Avvisi sulle variazioni di spesa
- Monitoraggio delle transazioni
- Rilevamento delle frodi con il Punteggio di Protezione
- Proiezioni del flusso di cassa
Il prodotto si basa sulla piattaforma bancaria per giovani di REGO, offrendo alle istituzioni finanziarie una soluzione integrata che soddisfa la crescente domanda del mercato, con oltre il 70% degli adulti che cercano strumenti per gestire le finanze dei propri genitori.
Rego Payment Architectures (OTCQB: RPMT) ha anunciado el lanzamiento de su producto de gestión financiera senior (SFM) de marca blanca, que estará disponible a partir del 31 de marzo de 2025. La solución permite a los bancos y cooperativas de crédito proteger el bienestar financiero de los clientes mayores a través de herramientas de supervisión completas para los cuidadores.
La plataforma aborda una necesidad crítica, ya que los estadounidenses mayores de 60 años perdieron más de 38 mil millones de dólares por fraudes financieros en 2023, el triple de las pérdidas del año anterior. Según datos del FBI, las víctimas de fraude ancianas perdieron un promedio de 33,915 dólares, con casi 6,000 ancianos perdiendo más de 100,000 dólares cada uno.
Las características clave incluyen:
- Visibilidad entre cuentas (cheques, ahorros, tarjetas de crédito, inversiones)
- Recordatorios de pago de facturas
- Alertas de variación de gastos
- Monitoreo de transacciones
- Detección de fraudes con el Puntaje de Protección
- Proyecciones de flujo de caja
El producto se basa en la plataforma bancaria juvenil de REGO, ofreciendo a las instituciones financieras una solución integrada que satisface la creciente demanda del mercado, con más del 70% de los adultos buscando herramientas para gestionar las finanzas de sus padres.
Rego Payment Architectures (OTCQB: RPMT)는 2025년 3월 31일부터 이용 가능한 화이트 라벨 고위 금융 관리(SFM) 제품의 출시를 발표했습니다. 이 솔루션은 은행과 신용 조합이 노인 고객의 재정적 안녕을 보호할 수 있도록 관리자를 위한 종합적인 감독 도구를 제공합니다.
이 플랫폼은 중요한 필요를 충족하며, 60세 이상의 미국인들이 2023년에 380억 달러 이상을 금융 사기로 잃었습니다, 이는 전년도 손실의 세 배입니다. FBI 데이터에 따르면, 노인 사기 피해자는 평균 33,915달러를 잃었으며, 거의 6,000명의 노인이 각각 100,000달러 이상을 잃었습니다.
주요 기능은 다음과 같습니다:
- 계좌 간 가시성 (당좌, 저축, 신용 카드, 투자)
- 청구서 결제 알림
- 지출 변동 알림
- 거래 모니터링
- 보호 점수를 통한 사기 탐지
- 현금 흐름 예측
이 제품은 REGO의 기존 청소년 은행 플랫폼을 기반으로 하며, 금융 기관에 증가하는 시장 수요를 충족하는 통합 솔루션을 제공합니다. 70% 이상의 성인이 부모의 재정을 관리하기 위한 도구를 찾고 있습니다.
Rego Payment Architectures (OTCQB: RPMT) a annoncé le lancement de son produit de gestion financière senior (SFM) en marque blanche, qui sera disponible à partir du 31 mars 2025. La solution permet aux banques et aux coopératives de crédit de protéger le bien-être financier des clients âgés grâce à des outils de supervision complets pour les aidants.
La plateforme répond à un besoin critique, car les Américains de plus de 60 ans ont perdu plus de 38 milliards de dollars à cause de fraudes financières en 2023, soit le triple des pertes de l'année précédente. Selon les données du FBI, les victimes de fraudes âgées ont perdu en moyenne 33 915 dollars, près de 6 000 seniors ayant perdu plus de 100 000 dollars chacun.
Les principales caractéristiques comprennent :
- Visibilité inter-comptes (compte courant, épargne, cartes de crédit, investissements)
- Rappels de paiement de factures
- Alertes de variation des dépenses
- Suivi des transactions
- Détection de fraude avec le Score de Protection
- Projections de flux de trésorerie
Le produit s'appuie sur la plateforme bancaire jeunesse existante de REGO, offrant aux institutions financières une solution intégrée qui répond à la demande croissante du marché, avec plus de 70 % des adultes recherchant des outils pour gérer les finances de leurs parents.
Rego Payment Architectures (OTCQB: RPMT) hat die Einführung seines White-Label-Produkts für Senior Financial Management (SFM) angekündigt, das ab dem 31. März 2025 verfügbar sein wird. Die Lösung ermöglicht es Banken und Kreditgenossenschaften, das finanzielle Wohlbefinden älterer Kunden durch umfassende Überwachungswerkzeuge für Betreuer zu schützen.
Die Plattform adressiert ein kritisches Bedürfnis, da Amerikaner über 60 im Jahr 2023 mehr als 38 Milliarden Dollar durch Finanzbetrug verloren haben, was das Dreifache der Verluste des Vorjahres ausmacht. Laut FBI-Daten verloren ältere Betrugsopfer im Durchschnitt 33.915 Dollar, wobei fast 6.000 Senioren über 100.000 Dollar verloren haben.
Zu den Hauptfunktionen gehören:
- Übergreifende Kontosichtbarkeit (Girokonten, Sparkonten, Kreditkarten, Investitionen)
- Erinnerungen an Rechnungszahlungen
- Warnungen bei Ausgabenabweichungen
- Transaktionsüberwachung
- Betrugserkennung mit dem Schutzscore
- Cashflow-Prognosen
Das Produkt basiert auf der bestehenden Jugendbankplattform von REGO und bietet Finanzinstituten eine integrierte Lösung, die der wachsenden Marktnachfrage gerecht wird, da über 70 % der Erwachsenen nach Werkzeugen suchen, um die Finanzen ihrer Eltern zu verwalten.
- Addresses $1 billion annual revenue opportunity in senior financial management
- Strong market demand with 70% of adults seeking elderly financial management tools
- Leverages existing secure platform infrastructure
- Expands service offering beyond youth banking to full family lifecycle
- No current operational revenue mentioned
- Faces competition from larger companies
- Subject to regulatory and compliance risks
- Requires additional capital raising
Financial institutions will be able to launch banking products in their own brand that provide oversight and insight into elderly financial health to their caretakers
BLUE BELL, Pa., March 06, 2025 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), the leading white-label family financial lifecycle solution platform, today announced the upcoming launch of a first-of-its-kind white-labeled senior financial management (SFM) product that enables banks and credit unions to help protect the financial well-being of senior citizens. REGO’s SFM product allows financial institutions to deploy an integrated branded solution that provides caretakers and fiduciaries with critical oversight and insight into their loved ones’ financial activity and help guard against fraud – even if they bank at different institutions.
Financial exploitation of the elderly has become a national crisis. In 2023 alone, Americans over the age of 60 lost more than
Built on the same secure and compliant platform as REGO’s industry-leading white-label youth banking product, REGO’s SFM offering gives adult children and caretakers full visibility into the financial well-being of their aging family members. It integrates with a financial institution’s digital platform, core banking system, and card processor, allowing banks and credit unions to retain customer relationships and grow deposits.
Key features of REGO’s senior financial management product include:
- Comprehensive account visibility across checking, savings, credit cards, and investment accounts.
- Bill payment reminders to prevent missed payments.
- Spending variance alerts that flag unusual behavior.
- Transaction monitoring to detect unauthorized or suspicious activity.
- Fraud detection alerts powered by a proprietary Protection Score.
- Cash flow projections to help families plan for future expenses.
“We have always believed that financial institutions are best positioned to support families at every stage of life,” said Peter S. Pelullo, CEO of REGO. “With our youth banking platform, we helped banks and credit unions engage families by empowering parents and children. Now, with our senior financial management offering, we are enabling financial institutions to extend that trust and support to the elderly and their caretakers.”
The demand for tools to help adult children manage the finances of their aging loved ones has never been greater. A recent report by Cornerstone Advisors, authored by Ron Shevlin, Chief Research Officer, found that over
With millions of Americans in the “sandwich generation,” who face the responsibility of caring for their kids and aging relatives, consumers are demanding secure, bank-backed family financial management solutions. REGO’s SFM product was designed to help financial institutions address this growing need while strengthening relationships with their customers and members. By expanding its platform beyond youth banking to include senior financial management, REGO reaffirms its commitment to empowering banks and credit unions to serve families at every stage of life.
REGO’s senior financial management product will be available for financial institutions starting on March 31, 2025. To learn more, please email info@regopayments.com or visit www.regopayments.com.
About REGO
Rego 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 operational 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:
Pawan Murthy
Chief Marketing Officer
Rego Payment Architectures, Inc.
pawan@regopayments.com
FAQ
When will RPMT's senior financial management product be available to financial institutions?
How much did elderly Americans lose to financial fraud in 2023 according to RPMT's release?
What are the key features of RPMT's senior financial management platform?
What market opportunity does RPMT's senior financial management product address?
What was the average loss per elderly fraud victim in 2023 according to FBI data cited by RPMT?
