Leading, white-labeled youth banking platform announces features that enable families with visual impairments to improve financial literacy

BLUE BELL, Pa., March 11, 2024 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”), the leading white-label family digital wallet platform provider for financial institutions (“REGO”) (OTCQB: RPMT), today announces its release of multiple accessibility features for the visually impaired. This announcement will allow financial institutions to launch a youth banking product so that families who have children with vision disabilities can spend, save, donate and invest while gaining critical financial literacy skills.

Some of the features include the ability for the user to increase the contrast between the foreground text and the background and change the font size of the screen text for improved readability. REGO consulted the guidelines provided by the American Disabilities Act for Web Accessibility when designing these features.

“With this latest release, financial institutions who use REGO can be more inclusive in their offering of youth banking products,” said Peter S. Pelullo, CEO at REGO. “We believe that if more children learn critical spending and savings skills early, they will be able to make smarter financial decisions as they reach adulthood.”

Over 5 million children under the age of 18 have some sort of eye or vision condition, according to the Center for Disease Control (CDC). Over 200,000 children are “visually impaired, defined as having trouble seeing even when wearing glasses or contact lenses.” REGO’s latest release aims to provide such children with visual aids to use the mobile app effectively.

For more information about REGO, please visit 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 operating 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.
[email protected]