REGO Payment Architectures, Inc. Announces Upcoming Feature of Mazoola’s(SM) “Super App” on AMC’s NewsWatch Program
REGO Payment Architectures, Inc. (OTCQB:RPMT) announced the upcoming feature of its MazoolaSM super app on AMC Network's NewsWatch on August 27, 2021. The segment will showcase MazoolaSM version 3.0, highlighting its features that ensure children can engage in online commerce securely, in compliance with COPPA and GDPR regulations. New updates include enhanced parental controls, virtual debit card integration with ApplePay and GooglePay, and the ability for children to make donations. The company emphasizes its unique position in the digital wallet space, focusing on privacy and safety for children.
- MazoolaSM to feature on NewsWatch, potentially increasing brand awareness.
- Version 3.0 of MazoolaSM includes enhanced features, appealing to parents and children alike.
- The platform is COPPA and GDPR compliant, attracting security-conscious consumers.
- The company faces competition in the growing mobile commerce market.
- Potential risks include the need for further capital and the challenge of market acceptance.
Because your child’s privacy matters
The Children’s Online Privacy Protection Act (“COPPA”) and the General Data Protection Regulation (“GDPR”) compliance drive world-class privacy and consent policy features
BLUE BELL, Pa., Aug. 02, 2021 (GLOBE NEWSWIRE) -- REGO Payment Architectures, Inc. (“REGO”) (OTCQB:RPMT) today announced its MazoolaSM super app will be featured on the award winning television show, NewsWatch, airing on AMC Network on Friday, August 27, 2021. The program will highlight MazoolaSM version 3.0 completion and review the distinguishing features that enable children to fully participate in the digital economy in a secure and protected way. On the upcoming segment, NewsWatch will also discuss the virtual-wallet provider’s unique selling proposition to Gen Z Kids and Teens, many of whom have begun to immerse themselves in commerce without realizing the loss of privacy and harmful effects of digital marketing.
Rego’s technology is protected by three patents: (System and Method for Virtual Piggy Bank, System and Method for Verifying the Age of an Internet User, and Virtual Piggybank Having Quick Connect). This enables MazoolaSM to provide its COPPA and GDPR compliant service.
With MazoolaSM, children purchase items on-line and in-store, as well as conduct peer-to-peer transfers. Children maintain a digital wallet with cash, savings and accounts to develop financial literacy in an increasingly contactless economy. On August 9th, a new and much improved version of MazoolaSM will be available. “Aside from getting a significant facelift, we are introducing several new features such as enhanced parental controls for selecting how and where your kids can spend their money,” said Steven Kravit, Head of Product. “We are also introducing an easy way to provide access to their debit card for shopping online and a streamlined method for children to add their virtual debit card to ApplePay and GooglePay wallets.” Additional features include the ability to donate to churches, congregations & charities and an enhanced reward system and expanded parental and guardian controls for single & divorced parents.
Dan Aptor, Head of Strategy said: “Our value proposition is second to none; our platform is Powered by Privacy. As the only certified COPPA and GDPR compliant super app, we offer all the capabilities of a mobile wallet and money app kids want, without compromising on the safety and security parents deserve.” As mobile commerce continues to grow and the 70M+ Gen Z teens and tweens continue to enter the digital economy, privacy will inevitably take center stage. Rego is pleased to demonstrate the capabilities of MazoolaSM on NewsWatch and AMC Networks to continue to educate parents and guardians and build awareness around the topic.
Safe Harbor Statement
The information in this press release may contain forward-looking statements on our 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 us that may cause our 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 our expectations include, but are not limited to: our ability to raise additional capital, the absence of any material operating history or revenue, our ability to attract and retain qualified personnel, our ability to develop and introduce a new service and products to the market in a timely manner, market acceptance of our services and products, our 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 us in Item 1.A “Risk Factors” in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company’s control.
All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. The Company 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.
About REGO Payment Architectures, Inc.
REGO is a digital solution that enables children to stay safe in today’s tech-first environment. The REGO Digital Wallet platform, MazoolaSM, allows parents and guardians to enable online shopping or digital spending at approved retailers, control what funds are available for which purchases, and reward children or pay allowance via the app. REGO is an innovative financial platform uniquely positioned due to its Children’s Online Privacy Protection Act (COPPA) and General Data Protection Regulation (GDPR) compliance. Visit us at regopayments.com.
Media Contact:
Dan Aptor
REGO Payment Architectures, Inc.
325 Sentry Parkway, Suite 200
Blue Bell, PA 19422
pr@regopayments.com
(o) 267-465-7530
FAQ
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