REGO announces entering into an MOU with Source Digital for a strategic partnership and licensing agreement.
PHILADELPHIA, Nov. 27, 2018 /PRNewswire/ -- REGO Payment Architectures, Inc. (OTCQB: RPMT) announced today a strategic partnership with Source Digital, Inc. (SOURCETM). 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 SOURCETM, 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 SOURCETM, will soon be ready to officially launch its family wallet, which is COPPA compliant on both Apple and Android devices. This exciting partnership with SOURCETM 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.
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SOURCE Rego Payment Architectures, Inc.
