This partnership enables financial institutions to offer child spending, saving and investing capabilities that comply with COPPA and GDPR.

BLUE BELL, Pa., June 20, 2024 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), the leading white-labeled family digital wallet platform provider for financial institutions, and Computer Services, Inc (“CSI”), a leading provider of end-to-end financial software and technology, announce a strategic partnership to offer REGO’s white-label family wallet to CSI’s robust network of community financial institutions.

“CSI’s partnership with REGO underscores our commitment to strengthening our banking customers’ roles as financial leaders and advisors in their communities,” says David Culbertson, CSI President and Chief Executive Officer. “While the REGO digital family wallet will enable our youth to earn, save and spend under parental supervision, it also offers new ways to educate them about money management and financial literacy.”

The demand for effective financial literacy tools by customers and members of financial institutions continues to increase, as more kids are becoming financially active at an earlier age. According to a report by Cornerstone Advisors, children between five and 17 years have over $360 billion of spending power. REGO provides financial institutions an opportunity to offer a safe, secure digital wallet app experience to build lasting, engaging relationships with families.

“The partnership between REGO and CSI allows their financial institutions to engage future young customers today,” says Peter S. Pelullo, Chief Executive Officer at REGO. “With CSI’s innovative spirit and extensive network of financial institutions and services, REGO is well positioned to complement and expand CSI’s Banking-as-a-Platform offering.”

Built with a privacy-first strategy, REGO provides a range of white-label fintech solutions designed for families to financial institutions nationwide, each certified as COPPA and GDPR compliant. REGO also has multiple patents on technologies that uniquely verify critical information for both child and parent.

For more information about REGO, please 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.