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Rego Payment Architectures, Inc., encompassing its subsidiary organizations, specializes in developing software solutions designed for end-users. A key offering is Mazoola, a mobile payment platform built to empower individuals to control and gain financial benefit from their purchasing behavior. This platform also provides a digital tool that aids parents and guardians in teaching children about financial literacy and managing their spending. Furthermore, it creates a secure setting, enabling minors (under 13 in the U.S. and under 16 internationally) to safely participate in financial transactions both online and in brick-and-mortar stores. The company additionally investigates blockchain technology as a strategic business solution for the retail and consumer packaged goods industries and delivers cloud-based storage services. Established in 2008, the firm was initially known as Virtual Piggy, Inc. before adopting its current name, Rego Payment Architectures, Inc., in February 2017. Its corporate headquarters are located in Blue Bell, Pennsylvania.
REGO Introduces Flexible Family Wallet Implementation Models for Financial Institutions
Rego Payment Architectures introduced two new implementation models for its Family Wallet platform to give financial institutions greater flexibility in structuring youth banking relationships.
The new child-centric model allows banks to layer the REGO experience over existing minor-owned accounts, preserving account continuity when the child turns 18.
The existing parent-centric model remains available for institutions seeking faster deployment and simplified onboarding by having parents own the relationship initially.
Both models maintain core features like parent controls, allowance management, and financial literacy tools, and are available immediately for deployment.