Rego Payment Architectures, Inc. Announces Official Support for the Kids Online Safety and Privacy Act Passed by the Senate
Rego Payment Architectures, Inc. (OTCQB: RPMT) has announced its official support for the Kids Online Safety and Privacy Act (KOSPA), which recently passed the Senate. KOSPA aims to enhance children's online safety and privacy by mandating technology companies to implement robust safety measures. REGO, a provider of a family digital wallet platform, emphasizes its commitment to creating a secure environment for children's financial activities.
The company's platform is certified COPPA and GDPR compliant, ensuring high standards of data privacy and security. REGO's Senior Advisor for Cybersecurity and Privacy, Donald Codling, provided testimony to the U.S. House of Representatives on the importance of stronger regulations to protect children's financial data and privacy. The company views KOSPA as a significant step towards establishing a safer digital environment for future generations.
Rego Payment Architectures, Inc. (OTCQB: RPMT) ha annunciato il suo ufficiale supporto per il Kids Online Safety and Privacy Act (KOSPA), recentemente approvato dal Senato. KOSPA mira a migliorare la sicurezza e la privacy dei bambini online, imponendo alle aziende tecnologiche di implementare misure di sicurezza robuste. REGO, fornitore di una piattaforma di portafoglio digitale per famiglie, sottolinea il suo impegno a creare un ambiente sicuro per le attività finanziarie dei bambini.
La piattaforma dell'azienda è certificata conforme a COPPA e GDPR, garantendo elevati standard di privacy e sicurezza dei dati. Donald Codling, Senior Advisor per la Cybersecurity e la Privacy di REGO, ha fornito una testimonianza alla Camera dei Rappresentanti degli Stati Uniti sull'importanza di regolamenti più forti per proteggere i dati finanziari e la privacy dei bambini. L'azienda considera KOSPA un passo significativo verso l'istituzione di un ambiente digitale più sicuro per le generazioni future.
Rego Payment Architectures, Inc. (OTCQB: RPMT) ha anunciado su apoyo oficial a la Ley de Seguridad y Privacidad en Línea para Niños (KOSPA), que recientemente fue aprobada por el Senado. KOSPA tiene como objetivo mejorar la seguridad y privacidad de los niños en línea, exigiendo a las empresas de tecnología que implementen medidas de seguridad sólidas. REGO, proveedor de una plataforma de billetera digital familiar, enfatiza su compromiso de crear un entorno seguro para las actividades financieras de los niños.
La plataforma de la empresa está certificada conforme a COPPA y GDPR, garantizando altos estándares de privacidad y seguridad de datos. Donald Codling, Asesor Senior de Ciberseguridad y Privacidad de REGO, proporcionó un testimonio ante la Cámara de Representantes de EE. UU. sobre la importancia de regulaciones más estrictas para proteger los datos financieros y la privacidad de los niños. La empresa considera KOSPA como un paso significativo hacia el establecimiento de un entorno digital más seguro para las futuras generaciones.
Rego Payment Architectures, Inc. (OTCQB: RPMT)는 최근 상원에서 통과된 아동 온라인 안전 및 개인정보 보호법(KOSPA)에 대한 공식적인 지지를 발표했습니다. KOSPA는 기술 기업에게 강력한 안전 조치를 시행하도록 요구함으로써 아동의 온라인 안전과 개인 정보를 향상시키는 것을 목표로 하고 있습니다. REGO는 가족 디지털 지갑 플랫폼 제공업체입니다는 아동의 금융 활동을 위한 안전한 환경을 조성하겠다는 의지를 강조했습니다.
회사의 플랫폼은 COPPA 및 GDPR 준수를 인증받아 데이터 프라이버시 및 보안의 높은 기준을 보장합니다. REGO의 사이버 보안 및 프라이버시 수석 고문인 도널드 코들링은 아동의 금융 데이터와 프라이버시를 보호하기 위한 보다 강력한 규정의 중요성에 대해 미국 하원에서 증언했습니다. 이 회사는 KOSPA를 미래 세대를 위한 더 안전한 디지털 환경을 구축하는 중요한 단계로 보고 있습니다.
Rego Payment Architectures, Inc. (OTCQB: RPMT) a annoncé son soutien officiel à la Kids Online Safety and Privacy Act (KOSPA), qui a récemment été adopté par le Sénat. KOSPA vise à améliorer la sécurité et la protection de la vie privée des enfants en ligne en obligeant les entreprises technologiques à mettre en œuvre des mesures de sécurité robustes. REGO, fournisseur d'une plateforme de portefeuille numérique familial, souligne son engagement à créer un environnement sécurisé pour les activités financières des enfants.
La plateforme de l'entreprise est certifiée conforme à la COPPA et au RGPD, garantissant des normes élevées de protection des données et de sécurité. Donald Codling, conseiller principal en cybersécurité et protection de la vie privée chez REGO, a témoigné devant la Chambre des représentants des États-Unis sur l'importance de réglementations plus strictes pour protéger les données financières et la vie privée des enfants. L'entreprise considère KOSPA comme un pas significatif vers l'établissement d'un environnement numérique plus sûr pour les générations futures.
Rego Payment Architectures, Inc. (OTCQB: RPMT) hat seine offizielle Unterstützung für das Children Online Safety and Privacy Act (KOSPA) angekündigt, das kürzlich im Senat verabschiedet wurde. KOSPA zielt darauf ab, die Online-Sicherheit und den Datenschutz von Kindern zu verbessern, indem Technologieunternehmen verpflichtet werden, robuste Sicherheitsmaßnahmen umzusetzen. REGO, Anbieter einer Familien-Digital-Wallet-Plattform, betont sein Engagement, ein sicheres Umfeld für die finanziellen Aktivitäten von Kindern zu schaffen.
Die Plattform des Unternehmens ist gemäß COPPA und GDPR zertifiziert und gewährleistet hohe Standards für Datenschutz und Datensicherheit. Donald Codling, Senior Advisor für Cybersecurity und Privacy bei REGO, legte der US-Vertretung ein Zeugnis vor, in dem er die Bedeutung strengerer Vorschriften zum Schutz der finanziellen Daten und der Privatsphäre von Kindern hervorhob. Das Unternehmen sieht in KOSPA einen bedeutenden Schritt auf dem Weg zu einem sichereren digitalen Umfeld für zukünftige Generationen.
- REGO's family digital wallet platform is certified COPPA and GDPR compliant
- The company was invited to provide testimony to the U.S. House of Representatives on children's financial data protection
- REGO's platform can be white-labeled and integrated into existing applications of financial institutions
- None.
BLUE BELL, Pa., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), announces its official support of the Kids Online Safety and Privacy Act (KOSPA) that has recently passed the Senate.
KOSPA is a landmark piece of legislation aimed at enhancing the safety and privacy of children online. The bill mandates that technology companies implement robust safety measures to protect minors from online harms such as exploitation, bullying, and exposure to inappropriate content. This legislation holds companies accountable for their product design features that impact children's behavior, ensuring that the welfare of young users is a top priority. The legislation also provides important privacy updates to the Child Online Privacy Protection Act (COPPA).
"I founded REGO with the primary intent to provide a safe environment for children and their parents to be financially active through their own financial institution,” stated Peter S. Pelullo, CEO and co-founder of REGO. “We are fully supportive of the House passage of KOSPA (KOSA and COPPA 2.0) so the President can sign it into law, as it ensures that all technology companies will now be legally required to prioritize the safety and privacy of children online above all other goals."
REGO is a leading provider of a family digital wallet platform that allows children to engage in financial activities under the watchful eye of their parents. Certified by PRIVO for compliance with COPPA (Children's Online Privacy Protection Act) and GDPR (General Data Privacy Regulation), REGO ensures the highest standards of data privacy and security. Since its inception, REGO has focused on creating a secure environment for children’s financial literacy, offering tools that help kids learn to manage money while parents oversee their activities. Financial institutions can leverage REGO’s platform as a white-labeled product and integrate it into their existing applications.
REGO was invited by the House Commerce Innovation, Data, and Commerce Subcommittee of the U.S. House of Representatives, to provide testimony on April 27, 2023, on the importance of stronger regulations to protect children’s financial data and privacy. REGO’s Senior Advisor for Cybersecurity and Privacy, Donald Codling, who worked in the FBI for over 23 years focusing on international cybercrime and national security, provided the testimony for this hearing. “This ‘perfect storm’ of financial and technology trends is exacerbated by the fact that federal laws and regulations have not kept up with the advent of a cashless society,” stated Mr. Codling. “It must be the responsibility of companies to take steps to protect our children’s privacy…In my experience, no other financial technology company has a child’s financial data and privacy protection so integrated in its foundational strategy other than REGO.”
At the time of this writing, the KOSPA has successfully passed the Senate and will proceed to the House of Representatives. This legislation marks a significant step forward in ensuring the online safety of children and establishing a safer digital environment for future generations.
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
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