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. 20, 2021 (GLOBE NEWSWIRE) -- REGO Payment Architectures, Inc. (“REGO”) (OTCQB:RPMT) today announced its MazoolaSM version 3.0 super app will be available in Apple’s App Store starting on Friday, August 27. The release date coincides with Mazoola’sSM debut on AMC Network’s NewsWatch program, which airs at 7AM EST, in 95 million households. The newly introduced version is a significant departure from version 1, offering numerous new features and upgrade capabilities, and positions MazoolaSM to stand out in a highly competitive marketplace. As the first and only independently certified COPPA compliant family mobile wallet, the super app continues to be “Powered by Privacy” ensuring that Gen Z Kids and Teens can safely and securely participate in commerce and an evolving digital economy.
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.
Peter Pellulo, Chief Executive Officer said: “I am very excited about the new version. The team has worked tirelessly to both build innovation and address numerous unserved needs with new capabilities.” As 70 million plus Gen Z teens and tweens continue to use digital commerce, MazoolaSM is well positioned to grow. “We are not simply another Digital Debit Card,” says Pellulo. “We are a solution provider that anonymizes children’s identity and privacy to allow them to securely bank and shop online or in stores - privacy is the cornerstone of our DNA.”
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
