Rego Payment Architectures Inc (OTCMKTS:RPMT) Stock On Watchlist After Latest News
Rego Payment Architectures Inc (OTCMKTS:RPMT) is a company which is best known for having developed the only white label family digital wallet platform directed at financial institutions which is both GDPR compliant and also COPPA certified.
Trading Data
On Wednesday, RPMT stock slumped 3.51% to $1.1000 with 61.82K shares, compared to volume of 67.60K shares. The stock moved within a range of $1.0600 – 1.1400 after opening trade at $1.1400.
Yesterday, the company was in the news after it announced that it had managed to strike up a key banking partnership and also raised funding to the tune of as much as $100 million so as to be in a position to continue to deliver the integrated banking solutions that it is known for.
The Chief Executive Officer and co-founder of the company, Peter S Pelullo spoke about the development as well. He noted that customers of credit unions and banks have often made demands to have the ability to offer their children with the right financial literacy tools so that they can save, donate and invest with the proper adult control.
That had not been forthcoming because of the regulatory and informational technology challenges. That placed Rego Payment Architectures in a unique position to come up with a suitable solution that could be of satisfaction to all parties. The COPPA certification could be the main reason why the company is in a position to do so.
