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Rego Payment Architectures, Inc. (RPMT)

Rego Payment Architectures, Inc. formerly operated under the name Virtual Piggy, Inc. On March 16, 2017, the company, creators of the only COPPA compliant technology targeted at providing payment capability for the under 18 market, announced its name change to reflect the progression of the company into broader payment-related markets. REGO Payment Architectures, Inc. became an umbrella under which the Intellectual Property IP developed becomes available to numerous diverse industries beyond the under 18 market.

Rego Payment Architectures lists on the OTC Markets Group's OTCQB. The company has its head office in Palm Beach, Florida.

The company's core technology base is founded on validated artificial intelligence (AI) techniques. It has wide-ranging capability to adapt to a wide spectrum of payment markets and users. The core technology consists of ReTRO (Real Time Regulatory Oversight), established on advanced AI techniques, a system of reasoning engines, and also a Contract Model (CM), which allows the creation of specific boundary conditions for its use.

The company also has its NOMad (Networks of Meaning ad-vantage), which is an advanced data mining application that monitors people and the things they interact with. In addition, Rego has its RSM (REGO Payment Architectures, Secure Financial Messaging) - the payment control system.

In April, Rego Payment Architectures announced the successful development of the alpha version of OINK's Mobile Payment Platform. OINK (Online Instant Networking Keypad) is a technology that speeds up payments and makes making payments simple and streamlined.

REGO Payment Architectures has signed a definitive agreement with Be Informed BV effective July 2017 for the company's commercial launch of its innovative digital mobile payment system. The agreement follows the development Memorandum of Understanding (MOU) signed in November 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.

Furthermore, Rego Payment Architectures and Be Informed have entered into three new MOU's in expectation 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 agreements cover the expected welfare benefits, the unbanked, and closed loop platforms. The closed loop platform has manifold market uses and is comprehensive enough to anticipate any new markets that desire to use the versatile technology.

 

 

 

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