SKB Capital Acted as Financial Advisor During the Funding Round

BLUE BELL, Pa., July 30, 2020 (GLOBE NEWSWIRE) — REGO Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT) today announced it has secured a significant round of funding to bring the total to $9.3 million to date in Series C funding led by SKB Capital. The funding will allow REGO to launch its secure mobile banking solution to families in the U.S. and the European Union later this year.

“Investors renewed their support for the REGO Digital Wallet, in light of robust demand for digital mobile wallets, particularly with cybersecurity and personal identity management protections. The closing of this strategic growth capital resolves the essential missing piece to move the REGO Digital Wallet into a position to begin to engage customers with its newly launched service in 2020,” said Suzanne E. Kecmer, founder, SKB Capital, and financial advisor for REGO.

REGO’s Digital Wallet is an unprecedented family-focused financial solution. It allows children to shop from parent-approved retailers, deliver peer-to-peer payments, teaches financial literacy, all while keeping identities secure. It has patented attribution and identity management methods, patented real-time access and data control, and independent verification, validation, and auditing techniques, among other core capabilities.

REGO’s Digital Wallet received the GDPRkids™ Trustmark from PRIVO in early 2020 demonstrating that REGO meets the requirements of the European Union’s General Data Protection Regulation (GDPR), as well as COPPA Safe Harbor certification with PRIVO, which is a Federal Trade Commission approved designation certifying that REGO is protecting children as they make online purchases.

“REGO is now in a position to finalize systems integration, kick-off our pilot program, as well as initiate a data business,” notes Scott McPherson, chief financial officer, REGO.

“With more children consuming and purchasing digital content and having online purchases shipped to their homes, ensuring that minors have a secure banking experience and protecting their personally identifiable information is more important than ever,” added Kecmer. “As the COVID-19 pandemic has dramatically shifted how people work, travel, and shop, having a safe, touchless solution that can be used anywhere is critical to keeping children and families safe.”

REGO’s Digital Wallet is available for partnering institutions. The consumer version of REGO Digital Wallet has an anticipated release in 2020. Learn more at regopayments.com

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 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

About SKB Capital, LLC

SKB Capital is a corporate advisory services firm specifically focused on non-traditional advanced technologies. The company provides strategic planning, business development, board advisory, and investment banking services. Learn more at skbcapital.com

Ensures REGO’s Compliance with the European Union’s General Data Protection Regulation

BLUE BELL, Pa., March 03, 2020 (GLOBE NEWSWIRE) — REGO Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT) today announced it has received GDPRkids™ Trustmark from PRIVO. This demonstrates that REGO meets the requirements of the European Union’s General Data Protection Regulation (GDPR) with the highest standards for children’s privacy. This includes confirming the age of consent, protecting children’s data, and having a clear privacy policy that is easy to understand for children, among other requirements.

REGO’s GDPRkids™ Trustmark joins REGO’s COPPA Safe Harbor certification with PRIVO, which is a Federal Trade Commission approved designation certifying that REGO is protecting children while allowing them to engage in today’s digital world. The Children’s Online Privacy Protection Act (COPPA) was enacted in 1998 in the U.S. and remains the nationwide standard for children’s privacy protection in the United States.

“REGO has gone to great lengths to ensure that they are handling child privacy compliantly and are meeting the highest standards to deliver an age-appropriate safe environment for kids,” notes Denise G. Tayloe, PRIVO’s co-founder and CEO. “We are delighted to have them in our Kids Privacy Assured Program and look forward to continuing to build on their good work as they develop their experiences for children,” added Tayloe.

“For REGO to achieve this compliance required a stringent and comprehensive review of its data security and data privacy practices, and is accredited to the company’s focus on children, as the platform was built with this type of security and privacy in mind since inception,” said Suzanne E. Kecmer, investment banking lead for REGO and founder of SKB Capital. “Strategically, REGO will be a strong global partner to any institution seeking to build a family wallet capability, especially financial and social media-based institutions. In addition, this compliance underscores that REGO is postured to address any further adoption of more stringent policy development for minors in the United States, such as the California Consumer Privacy Act (CCPA).”

The platform is a secure mobile banking solution for families. It allows children to shop from parent-approved retailers, deliver peer-to-peer payments, teaches financial literacy, all while keeping identities safe.

REGO Digital Wallet is an unprecedented platform focused on families’ digital safety. It has patented attribution and identity management methods, patented real-time access and data control, and independent verification, validation, and auditing techniques, among other core capabilities.

PRIVO is an independent organization committed to safeguarding children’s personal information collected online. In order to obtain PRIVO Trustmarks, REGO is assessed on an ongoing basis to ensure it meets all requirements for privacy and identity management.

REGO Digital Wallet is available for partnering institutions. The consumer version of REGO Digital Wallet has an anticipated release in 2020. Learn more at staging-regopaymentscom.kinsta.cloud.

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 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 staging-regopaymentscom.kinsta.cloud.

About SKB Capital, LLC
SKB Capital is a corporate advisory services firm specifically focused on non-traditional advanced technologies. The company provides strategic planning, business development, board advisory, and investment banking services. Learn more at skbcapital.com.

About PRIVO
PRIVO is the leading global industry expert in children’s online privacy and a recognized authority in the minors’ digital identity and consent management marketplace ensuring minors’ privacy while advancing a robust, global digital ecosystem. As an FTC approved COPPA Safe Harbor since 2004, certifying hundreds of apps, sites and games that are top performing and well-known kid brands, PRIVO has been developing privacy solutions to empower positive, transparent and secure online relationships between companies, families and schools. PRIVO’s signature Kids Privacy Assured Program helps companies navigate the online privacy landscape from COPPA, GDPR to the numerous student digital privacy laws in addition to offering compliant technology solutions that include youth registration, age verification, parental consent and account management. www.privo.com

Keeping Families Protected While Participating Freely in Today’s Digital Consumer World

BLUE BELL, Pa., Jan. 21, 2020 (GLOBE NEWSWIRE) — REGO Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT) today announced it will be working with Blue Diamond Media to provide its anchor product, REGO Digital Wallet, to Blue Diamond Media’s network of customers.

REGO Digital Wallet is a secure mobile banking solution for the whole family. It allows children to shop from parent-approved retailers online or in-store, as well as deliver peer-to-peer payments while keeping their identities safe. REGO is compliant with the Children’s Online Privacy Protection Act (COPPA), the California Consumer Privacy Act (CCPA), and the EU’s General Data Protection Regulation (GDPR).

“Securing Blue Diamond Media as a launch customer in the United States is critical to commercializing the REGO platform,” said Suzanne E. Kecmer, Founder of SKB Capital. “By leveraging Blue Diamond’s distribution network, REGO will be positioned to showcase the extensibility and scalability of its digital wallet platform within large enterprise organizations.”

The REGO platform is a singular offering due to its certified compliance and focus on the whole family’s digital safety. It also has patented attribution and identity management methods, patented real-time access and data control, and independent verification, validation, and auditing techniques, among other core capabilities.

“This is a great opportunity to show the world how parents and children can conduct financial transactions in an increasingly digital society,” said David Huckabee, CEO of Blue Diamond Media, LLC. “We want to be at the forefront of protecting children’s identities and yet still allow children to interact online and educate them with next-generation financial tools. We don’t see any other platform that offers the sophistication of the REGO Digital Wallet solution.”

REGO Digital Wallet was created to keep children and families safe while engaging in today’s digital consumer environment. It also helps teach children financial literacy to set them up for success as adults.

REGO Digital Wallet is available for partnering institutions. The consumer version of REGO Digital Wallet has an anticipated release in 2020. Learn more at staging-regopaymentscom.kinsta.cloud.

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 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), California Consumer Privacy Act (CCPA), and General Data Protection Regulation (GDPR) compliance. Visit us at staging-regopaymentscom.kinsta.cloud

About Blue Diamond Media, LLC
A multi-tiered media company dedicated to developing and maximizing brands through conventional, non-traditional, social, internet, and grassroots media. Implementing unique strategies to increase revenue while broadening top of mind awareness and creating additional revenue streams.

About SKB Capital, LLC
SKB Capital is a corporate advisory services firm specifically focused on non-traditional advanced technologies. The company provides strategic planning, business development, board advisory, and investment banking services. Learn more at skbcapital.com

Company’s secure payment system allows children to shop online while teaching financial literacy and remaining COPPA compliant

BLUE BELL, Pa., Jan. 14, 2020 (GLOBE NEWSWIRE) — REGO Payment Architectures, Inc. (“REGO” or “the Company”) (OTCQB: RPMT) today announced it has partnered with Cornerstone Payment Systems, Inc. to extend its payment processing options.

REGO is an innovative and unique family-focused mobile banking platform that provides a way for children to shop digitally while being compliant with the Children’s Online Privacy Protection Act (COPPA), the California Consumer Privacy Act (CCPA), and the EU’s General Data Protection Regulation (GDPR). REGO renewed its COPPA compliance certification in July 2019.

“The partnership with Cornerstone Payment Systems exemplifies the flexibility of the REGO platform to plug-and-play with world-class financial institutions,” said Suzanne E. Kecmer, Founder of SKB Capital. “REGO is well positioned to launch its all-digital family wallet in 2020— in step with robust global demand for privacy, security, and one-of-a-kind financial technology solutions.”

REGO engaged SKB Capital in 2018 to act as its financial advisor for the company’s capital requirements, as well as its long-term corporate strategy.

The REGO platform allows parents to keep their children safe online and teach financial literacy. It delivers parent-controlled spending, education on saving, and payment or allowance based on goals such as educational milestones or completing household chores, among other features. The platform also enables the 65 million Gen-Z (ages 4-19) shoppers to transact and socialize in a secure online environment guided by parental permission, oversight, and control.

“We are proud to partner with REGO to launch a secure payment system for children,” said Nicholas Logan, Founder and Chief Executive Officer, Cornerstone Payment Systems. “We see this capability gap throughout the global markets we support and are eager to present our client base with this unique financial solution.”

REGO Digital Wallet is available for partnering institutions. The consumer version of REGO Digital Wallet has an anticipated release in 2020. Learn more at staging-regopaymentscom.kinsta.cloud.

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 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 the only financial platform that is Children’s Online Privacy Protection Act (COPPA), California Consumer Privacy Act (CCPA), and General Data Protection Regulation (GDPR) compliant. Visit us at staging-regopaymentscom.kinsta.cloud.

About Cornerstone Payment Systems, Inc.
Founded in 2001, Cornerstone is one of the nation’s leading Christian owned and operated independent sales organizations in the merchant processing industry. Cornerstone offers a full complement of merchant processing services. The Company possesses the expertise to authorize and settle transactions for all major credit cards. Learn more at cornerstonepaymentsystems.com.

About SKB Capital, LLC
SKB Capital is a corporate advisory services firm specifically focused on non-traditional advanced technologies. The company provides strategic planning, business development, board advisory, and investment banking services. Learn more at skbcapital.com.

PHILADELPHIA, Nov. 27, 2018 /PRNewswire/ — REGO Payment Architectures, Inc. (OTCQB: RPMT) announced today a strategic partnership with Source Digital, Inc. (SOURCE™). This partnership opens a powerful gateway to real-time, interactive “watch and shop” capabilities on any screen, in any environment, designed to completely protect the family e-commerce lifestyle through a secure and seamless buying experience. REGO, an early innovator in the online payments sector, has partnered with SOURCE™, a consumer experience platform designed for the video content creator to monetize their audience through real-time engagement. The two companies are working together to create a fully autonomous, integrated, family payment solution for this new frictionless economy.

“REGO has amassed a distinct set of intellectual property that positions it as the foremost innovator of the emerging COPPA (Child Online Privacy and Protections Act) compliant payments sector. We are uniquely positioned to capture the expanding e-commerce payment space in these exciting new verticals that drive family behavior,” says David Knight, CEO of REGO.

Source Digital has been experiencing growing market traction in connecting buyers within and around video content in verticals ranging from Reality TV, Sports, Experiential Retail, and Movies. “Since video has become one of the primary influencers of today’s consumer family trends, it is only natural that Source would look to REGO to fortify its security and ability to adhere to COPPA compliance guidelines,” says Hank Frecon, CEO of Source Digital.

REGO, in its new partnership and licensing agreement with SOURCE™, will soon be ready to officially launch its family wallet, which is COPPA compliant on both Apple and Android devices. This exciting partnership with SOURCE™ creates dynamic synergies, expansive market opportunities leading into a receptive market and access to their proven, world-class engineering and technical leadership. These final steps represent a crucial turning point as we prepare to launch our technically advanced and unique family wallet to the consumer.

About REGO Payment Architectures, Inc. (REGO)

REGO Payment Architectures, Inc. is a payments and e-commerce solution that enables kids to manage and spend money within a parent-controlled environment with their branded technology called Oink. Oink delivers an online secure mobile payment platform designed for the Under 18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. REGO enables the Under 18 audience to transact and socialize in a secure online environment guided by parental permission, oversight, and control. The company is based in Cerritos, CA.

About Source Digital

SOURCE™ is the first AI driven consumer experience platform that is fully autonomous to screen/device, allowing for frictionless acquisition of anything within the content through clicking, talking, touching, and listening. This revolutionary, patented platform connects video content creators with consumers through immersive and personalized engagement capabilities resulting in measurable attribution with real-time interactive “watch and shop” technology. SOURCE’s broad range of technologies includes the ability to not only respond to requests for acquisition, but to respond to conditions in any environment by any user, personalizing the results in real-time.

PHILADELPHIA, Nov. 26, 2018 /PRNewswire/ — REGO Payment Architectures Inc., (OTCQB: RPMT) announced today the engagement of SKB Capital to act as its financial advisor for both the firm’s capital requirements as well as its long-term corporate strategy to align with a major multi-conglomerate tech titan.

Suzanne E. Kecmer, CEO of SKB Capital, has a distinguished track record in both the cyber security and financial services sectors. REGO believes the engagement of SKB Capital will provide strategic and investment guidance the Company needs in order for its cutting edge patented COPPA compliant payment platform to be launched. “This engagement represents a significant milestone as we move forward to deploying a viable product and at the same time position the company for its corporate mission in launching the only COPPA compliant mobile payment platform for the 80 million 18 and under users who influence over $860 billion annually in spending. Suzanne’s knowledge, experience and expertise in the cyber security market will ensure that the security protection that REGO has embedded in its platform will be well understood as a unique discriminator in the marketplace,” confirmed David Knight, CEO of REGO.

“We look forward to partnering with REGO to appropriately capitalize and swiftly proliferate its world-class technology,” said Suzanne E. Kecmer, CEO of SKB Capital.

About REGO Payment Architectures, Inc. (REGO)

REGO Payment Architectures, Inc. is a payments and e-commerce solution that enables kids to manage and spend money within a parent-controlled environment with their branded technology called Oink. Oink delivers an online security mobile payment platform designed for the Under 18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. REGO enables the Under 18 audience to transact and socialize in a secure online environment guided by parental permission, oversight, and control. The company is based in Cerritos, CA.

About SKB Capital, LLC (SKB Capital)

SKB Capital is a corporate advisory services firm specifically focused on non-traditional advanced technologies. The Company provides strategic planning, business development, board advisory, and investment banking services.

SOURCE Rego Payment Architectures, Inc.

Rego Payment Architectures, Inc. (Rego) (OTCQB: RPMT) announces that Kirk Bradley will join the Technology Board of Advisors. Mr. Bradley has spent much of the last 30 years evaluating technology solutions. Mr. Bradley is an Executive Technical Advisor at Oracle Corporation. He is one of the original technologists there and among the longest-serving employees of Oracle. Mr. Bradley’s new role has him interfacing directly with the developers. His expert insight has already averted issues with internationalization and product growth. Kirk continues to mentor and aid the development team in fine-tuning our product through his broad knowledge and mastery in the technology realm. As a father, a techie and an experienced market watcher, Mr. Bradley states that he is very excited to work with Oink’s tech team. He believes with their innovative and compelling e-commerce solution for the youth market, the Oink platform will have a substantial impact on the 80 million plus 18 and under consumers. He also commented, “Oink is working to provide a platform to aid children with financial responsibility and literacy and to make adults active participants in providing that aid. Oink, uniquely, is making COPPA compliance a major part of their offering which helps websites and other online services comply with the law and still have a financial relationship with children and parents. It’s a win, win, win proposition.”

The company also announces David Aparo as Interim CTO. David has been with REGO for over three years. He started as the Manager of Development Operations and was promoted to Director, Development Operations and Quality Assurance. Prior to REGO, Mr. Aparo worked in several leadership positions in the Information Technology field in both the Government and private sectors where he managed projects ranging in complexity from a single website to large and complex secure networks. Since onboarding with REGO, David has seen the technology morph into a more modular and maintainable codebase that is more usable and versatile than ever. Mr. Aparo states, “After being with the company for over three years I’m excited to have the opportunity to lead the technology team in developing the Rego platform. I feel the app will change how parents teach their children about money. The Oink app will empower children to make safe and sound financial decisions while fostering communication with their parents about their spending and saving habits.” Lastly, Mr. Aparo commented, “Having the resource of Kirk Bradley and his 30 years of experience and successful execution in the technology space is an immeasurable asset for both myself and our tech team.”

About Rego Payment Architectures, Inc. (Rego)

Rego Payment Architectures, Inc. is a payments and e-commerce solution that enables kids to manage and spend money within a parent-controlled environment with their branded technology called Oink. Oink delivers an online security mobile payment platform designed for the Under 18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. Rego enables the Under 18 audience to transact and socialize in a secure online environment guided by parental permission, oversight, and control. More details can be found at our recently launched website, www.oink.com. Please feel free to sign up and be first in line for the App when it launches in January. The company is based in Cerritos, CA.

SOURCE Rego Payment Architectures, Inc.

Rego Payment Architectures, Inc. (Rego) (OTCQB: RPMT) is pleased to announce the launch of their new website for their payments platform Oink. Oink is a COPPA compliant payments platform that was exclusively built for 8 to 18 year old consumers and is the only mobile payments platform to receive COPPA compliant certification. The Child Online Protection Privacy Act (COPPA) was enacted in 1998 by the FTC with the sole purpose of protecting children’s identity, location and interactions online with merchants and any financial transactions.

After months of hard work, we are delighted to officially announce the launch of our new website, representing a significant milestone in our progress. Our goal with our new website is to make available for our visitors an easier way to learn about Oink’s payment platform that will provide financial literacy and safe financial transactions for the 80 million consumers from the ages of 8 to 18 that influences over $800 million dollars of spending a year.

The new Oink website is simple, yet powerful. The message is clear: the Oink app will give you the tools needed to set your child on a path to financial success. David Knight, CEO stated, “As soon as KonnectDesign showed me their concept of the new site I was impressed with the direction and emotional connection with parents and their children.” Karen Knecht and her team created our site www.oink.com that elegantly introduces Oink to the world.

Amongst the features, the site will contain social media buttons for Facebook, Twitter, and Instagram to foster improved communication to our followers and users. We will be constantly updating our content with helpful information, articles and company announcements.

We hope you find the new website fresh and modern. We are confident it contains valuable information to help the 18 and under consumer navigate their way through the complexities of learning how to manage their money and save and spend in a safe and trusted environment.

About Rego Payment Architectures, Inc. (Rego)

Rego Payment Architectures, Inc. is the first payments and e-commerce solution that enables kids to manage and spend money within a parent-controlled environment with their branded technology called Oink. Oink delivers an online security mobile payment platform designed for the Under 18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. Rego enables the Under 18 audience to transact and socialize in a secure online environment guided by parental permission, oversight and control. More details can be found at our recently launched website, www.oink.com. Please feel free to sign up and be first in line for the App when it launches.

SOURCE Rego Payment Architectures, Inc.

Rego Payment Architectures, Inc. (Rego) (OTCQB: RPMT) announced the appointment of David Knight as the company’s Chief Executive Officer, effective September 28th, 2017. Knight, 53, will also serve as Chairman of the Board of Rego’s Board of Directors.

Mr. Knight is an experienced industry executive with nearly thirty years of experience working for Fortune 500 companies, including eBay, PayPal, Quaker Oats, PepsiCo, Gatorade and Frito Lay. In 2007 Mr.Knight was hand selected by former CEO of eBay Meg Whitman to lead international marketing and then develop the internal communications capability for the corporation across eBay, PayPal and Skype. Mr. Knight brings a high-level of marketing and internal communications experience as he has helped prior companies grow both domestically and internationally. He holds a B.Com in both Marketing and Commerce from the University of New South Wales Australia.

“Rego is a unique company with an exciting opportunity in the mobile payments space,” said Mr. David Knight. “I’m thrilled to have this opportunity to join a great team and work with them on the commercial launch of our first payment vertical “OINK” a COPPA compliant payments platform for parents and kids that will address the underserved 80 million 8 to 18 year old consumers that influenced over $800 million in spending per year.

About Rego Payment Architectures, Inc. (Rego)

Rego Payment Architectures, Inc. is the first payments and e-commerce solution that enables kids to manage and spend money within a parent-controlled environment with their branded technology called Oink. Oink delivers an online security mobile payment platform designed for the Under 18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. Rego enables the Under 18 audience to transact and socialize in a secure online environment guided by parental permission, oversight and control. More details can be found at our recently launched website, www.oink.com. Please feel free to sign up and be first in line for the App when it launches in January. The company is based in Cerritos, CA.

SOURCE Rego Payment Architectures, Inc.

REGO Payment Architectures, Inc. (OTCQB:RPMT) Continuing the unprecedented pace of development for the OINK payment platform; (the Alpha version released in April just six months into development), Rego announces that it has demonstrated the Beta version of the application. This Beta release is a major milestone, setting the stage for the general release in September when it will be tested by 400 students of varying demographic backgrounds in four independent schools.

“Our ability to produce this complex application in the time frames we have achieved is based upon the solid architecture and original design conceived back in October,” says John Coyne CEO of Rego. “By utilizing the decision based capability of AI techniques embodied in the back end design, we were able to circumvent the normal tedious designs of previous era programming. Our Los Angeles front end programming team incorporated the process flows developed by Red Interactive Agency, (RED) the digital design agency based in Santa Monica, California. Red tested the interfaces with focus groups to ensure the best possible user experience; this allowed Rego to short circuit the process of development by working on the User Experience and the Back End architecture concurrently.” The benefits of this aggressive methodology are paying off, getting Oink’s payment system market ready in a highly compressed timeframe.  

Rego is now in the process of security testing to ensure that the system has all the protection it needs for transaction processing and data integrity. Rego’s partner, Cognition Concept, is improving scalability of the application in anticipation of a rapid adoption. “It’s not too soon to start planning for that wider market strategy,” said Coyne. “The Beta will teach us a great deal, and there will be a certain amount of time and effort to see to it that we get the most out of the testing phase, and incorporate those lessons into the launch-product, but I’m already looking beyond that.”

Rego will be soon announcing new members of our advisory board that will help in diversifying our payment markets and providing support services to ensure the most convenient of customer experiences. On a team conference call today John ended the call on a determined note by stating, “I believe in the product and all of its potential. All the research and testing suggests that the market and its targeted demographics are ready for this unique payment platform that we’ve designed with them in mind. We’re doing everything we can, with the resources we have, to set Oink up for success.”

Based in Palm Beach, Florida, REGO Payment Architectures, Inc. holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395.

Rego Payment Architectures, Inc. (OTCQB: RPMT) announces a major milestone. This week the joint technology development team tested the Alpha version of the OINK payment platform. With just six months having passed since OINK made the pivot to being a mobile based payment platform for the youth market, Rego CEO John Coyne proudly announced that the Alpha test was a “complete success.”

“Having identified that 70% of our customers (the youth market) use Amazon as their preferred online purchasing site, it made sense to see if the test would work there. I’m pleased to say that the development team did it, without a hitch. Now, the fact that it works means that we can enter the market as planned but it’s no guarantee of adoption.”

Buying something on Amazon is something that millions of people do every day. However what makes this test unique is that it required OINK’s highly complicated interplay of compliance, contract models, and the existing payment infrastructure.

“To protect our customers and their children, and to comply with commerce regulations for children under 18, OINK uses a proprietary set of models that until now only theoretically worked in a mobile application. Now we have proven our theory in the real world.” Coyne said today, underlining the efforts of his development team, “We’ve done something very, very difficult, in a time frame nearly unheard of for a major application.”

This speed-to-development was enabled by the use of Artificial Intelligence techniques, allowing the system to perform its own reasoning in solving complex internal relationships.

Arian Verbeek, the lead developer for the team in the Netherlands, pioneering those techniques said, “For the Alpha release to be successful, both the back end and front end (phone and user experience (UX) had to operate seamlessly in conjunction with one another.  The added complexity of development was integrating both the AI components and the front-end with teams operating in the Netherlands and Los Angeles. We were certainly all a bit nervous there for a moment, but the success of this test moves us forward and proves the architecture is sound.”

Dave Aparo, a Director on Rego’s LA team is delighted with the results and said, “This is a testament to the technical and project management skills of both teams.  But it is also a tribute to our unique architecture that combines components of both artificial intelligence, for complex decision making, and standard programming tools used to develop the user experience.”

This testing will continue through May, from the internal branches that determine process flow to the integration points for our banking partners and we will subject our system to multiple levels of security testing to prevent hackers from compromising our system or stealing our data. It’s an exciting time as Rego takes the new OINK from concept to reality.

Based in Palm Beach, Florida REGO,Inc. holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395.

Be Informed and Rego Payment Architectures, Inc. (OTCQB: RPMT) have entered into three memorandums of understanding (MOU)  in anticipation of the many and various expanding markets where this mobile payment technology will be advantageous. The MOU’s allow Rego to enter into production agreements under similar terms and conditions to its OINK payment platform, the only technology compliant with “The Children’s Online Protection Act” (COPPA). The agreements cover the anticipated welfare benefits, the unbanked and closed loop platforms.  The closed loop platform has multiple market uses and is broad enough to anticipate any new markets that wish to utilize this versatile technology.

Be Informed’s CEO Rick Hoogenberg said, “We were excited about Rego’s original payment platform for the under 17 market and are eager to participate in these new markets supported by our advanced semantic based technology platform.  We are especially qualified in the government sector having built some of the most advanced government and municipal systems in Europe and anticipate working with Rego and its integration partners with the same payment architecture Rego developed using our tool sets.”

John Coyne, CEO of Rego Payment Architectures, Inc. further stated, “I have personally had a long and strong working relationship with Be Informed.  As our partnership continues to grow, I am confident that between Rego’s applied use of this technology and Be Informed’s on-going improvement to its platform, we will have an edge over competing alternatives.  We have already developed our base platform in a matter of months rather than years allowing us to enter the under 17 market this year with our COPPA complaint Oink technology. More importantly, the flexibility we have in our development means that we can change and adapt our system to meet both market and user demands.  This is especially important in our regulatory module that can anticipate regulatory changes implementing compliance within days rather than months protecting our users and the vendors that accept payment through our platform.”

Rego is now developing a variety of closed loop applications.  A closed loop application is one in which Rego directly processes payments outside of the interchange networks and affords the user of the Rego system reduced transaction fees and better access to data analytics.  “This important partnership of technologies provides Rego with a strong long term outlook for expanding its revenue streams,” commented Coyne.

Coyne also sees a lot of opportunity for welfare benefit payment applications, “We have been in discussion with global system integrators that believe our platform is perfect for complex welfare payment control; especially in Europe where there has become an increased dependence on welfare benefits.  With our CM (contract model) and ReTRO (Real Time Regulatory Oversight), governments would now be able to map the benefits programs to their regulations and control the use of benefits proceeds to assure that the money is being spent efficiently, effectively and in the manner intended.” Welfare benefits comprise, on average, 20% of the Country’s GDP, (OCED report, 2014).

Based in Palm Beach, Florida, REGO Payment Architectures, Inc. holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395.

REGO Payment Architectures, Inc. (REGO) (OTCQB: RPMT) signed a definitive agreement with Be Informed BV effective July 2017 for the company’s commercial launch of its unique digital mobile payment system.  This agreement follows the development MOU signed in November of 2016.  The terms and conditions allow REGO’s COPPA compliant OINK payment platform unlimited use of its developed technology to be available to children and their families for direct mobile payments.

OINK is an all digital mobile payment system with Peer to Peer transfers, fully automated parental controls and multiple layers of security. The parental controls provide flexibility for managing a child’s funds while ensuring privacy and protecting the transactions. Children will have the freedom to shop while learning financial discipline all within the constraints set by their parents.

John Coyne CEO of REGO said, “I knew that the Be Informed development platform would accelerate our development of our unique payment platform for the under 18 market.  It has proven to be a very successful environment and allowed us to integrate our mobile application simply and seamlessly.” 

The terms of the agreement are confidential but based upon familial usage rather than individuals.  Geert Rensen a director of Be Informed stated, “the familial model allowed REGO and Be Informed to enter into a license that facilitated both our financial goals while satisfying needs of REGO’s targeted OINK audience.”  Coyne followed up with, “this simplified approach means that we do not have to account for multiple children in the family as users.  It is also appropriate because it is the parents that sign up for the service.”

Based in Palm Beach, Florida, REGO Payment Architectures, Inc. holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395.