Rego Payment Architectures, Inc. Appoints Rick Lane to Its Board of Advisors
June 07, 2021 at 07:00 am
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REGO Payment Architectures, Inc. announced that Rick Lane has been appointed to its Board of Advisors. With REGO’s commitment to empowering parents to run their household budget while also helping their children to shop safely online, it was a natural fit for Mr. Lane to join the Advisory Board and bring his wealth of knowledge to REGO. Mr. Lane is the founder and CEO of Iggy Ventures, LLC. Iggy Ventures focuses on advising and investing in companies, projects, and public policy initiatives that can have a positive societal impact. Over the course of his thirty plus year career, Mr. Lane has been engaged in almost every federal technology and privacy legislation, including COPPA. He has also served on a variety of federal, state and local committees, including his participation as a member of the USTR’s Joint Government-Private Sector Committee on Experts on Electronic Commerce; the Federal Trade Commission’s Advisory Committee on Online Access and Security; and the Virginia Attorney General’s Online Child Safety Task Force. Mr. Lane has worked closely with Congress, the Federal Trade Commission and state legislatures on legislation to protect children online, including federal legislation that amended the Communications Decency Act Section 230 that allows state criminal and civil actions against websites that are knowingly facilitating sex trafficking of minors.
REGO Payment Architectures, Inc. is a provider of consumer software that delivers a mobile payment platform, Mazoola, which is a family focused mobile banking solution. The Company offers an all-digital financial payments platform to enable minors, particularly under 13 years old, to transact, complete chores and learn in a secure online environment guided by parental permission, oversight, and control. Its platform can be easily duplicated/commoditized, such as the app skin, Application programming interface (APIs) to retailers, APIs to financial infrastructure, and cloud storage. The Mazoola app and associated digital wallet technology is designed to enable partners to engage families with Gen Z and Gen Alpha youths through a money management, transactional and financial literacy platform that enables young people to make smart decisions. It is also analyzing specific components of technology for individual monetization as well as exploring opportunities in the B2B realm.