Rego Payment Architectures, Inc. Announces Integration with Q2’s Digital Banking Platform
28 März 2023 - 12:59PM
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.
About Q2: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.
About REGO: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.
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.
Media Contact:
Joseph Toczydlowski
REGO Payment Architectures, Inc.325 Sentry Parkway, Suite
200Blue Bell, PA 19422pr@regopayments.com(o) 267-465-7530
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