Financial Institutions can now provide Rego Payment Architectures Inc.’s Family Wallet Banking-as-a-Platform to their users through Q2’s Digital Banking Platform
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BLUE BELL, Pa., March 28, 2023 (GLOBE NEWSWIRE) — Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), today announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for banking and lending. As part of the Q2 Partner Accelerator Program, banks and credit unions can now purchase the solution from REGO and then offer its MazoolaEnabledSM white label/private label Family Wallet Banking-as-a-Platform to their account holders.
The Q2 Partner Accelerator is a program through the Q2 Innovation Studio that allows in-demand financial services companies who are leveraging the Q2 SDK to pre-integrate their technology into the Q2 Digital Banking Platform. This enables financial institutions to work with these partners, purchase their solutions and rapidly deploy their standardized integrations to their customers.
Family-oriented solution provider REGO is a purpose built, privacy-first platform best known for its award-winning COPPA certified super app, Mazoola®. With mounting pressure on Congress and calls by the Executive branch to act for greater safeguards of children online, REGO provides banking and financial institutions an opportunity to offer a COPPA safe (a banking requirement), secure banking-as-a-platform experience to build lasting, engaging relationships with families. The mobile wallet space is projected to surpass $3.5T in 2023.
“Our organization is excited about the integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program, to support the banks and credit unions they serve,” says Peter S. Pelullo, REGO Chief Executive Officer. “Our MazoolaEnabledSM Family Wallet-as-a-Platform product offers their community-oriented customers an option to use an immediate and extensible payment product for banking, focusing on the nascent needs of families and their growing children.”
“We are pleased to welcome REGO to the Q2 Partner Accelerator Program,” said Johnny Ola, managing director of the Q2 Innovation Studio. “Financial Institutions now have the capability to offer REGO’s Family Wallet Banking-as-a-Platform, Mazoola®, to their customers through their digital banking applications.”
REGO offers several fintech-for-kids solutions, including MazoolaEnabledSM, a white label version of Mazoola®, and MazoolaPaySM, a buyflow payment button offering children anonymity while purchasing goods online. Built on the same patented, COPPA and GDPR-certified technology, both MazoolaEnabled and MazoolaPay ensure a child’s privacy always remains protected.
Q2 is a leading provider of digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies in the U.S. and internationally. Q2 enables its financial institutions and fintech companies to provide comprehensive, secure, data-driven digital client engagement solutions – from consumers to small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices throughout the world and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and Twitter to stay up to date.
REGO is a digital solution that enables children to stay safe in today’s tech-first environment. The REGO Digital Wallet platform, Mazoola®, 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.
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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.
Nardos Yosef, Alloy
On behalf of Rego Payment Architectures, Inc.