BLUE BELL, PA — Rego Payment Architectures Inc. (OTCQB: RPMT) said Cornerstone Community Financial Credit Union has launched a youth banking platform, GenGrow Family Wallet, to provide parent-controlled financial tools for children within its digital banking system.
The platform allows families to introduce children ages 5 to 17 to financial concepts through a system integrated into Cornerstone’s existing banking app.
REGO said the offering is designed to address growing demand for youth-focused financial tools, noting that children in that age group account for more than $360 billion in spending power.
The platform includes parental controls and is structured to comply with child data privacy regulations, including the Children’s Online Privacy Protection Act.
“GenGrow Family Wallet” will enable families to manage spending, saving, and other financial activities in a supervised environment, the company said.
Cornerstone Community Financial Credit Union, founded in 1951 and based in Auburn Hills, Michigan, serves members across Michigan and Ohio with personal and business banking services.
Rego Payment Architectures, founded in 2008, provides digital wallet platforms for financial institutions that allow children to spend, save, donate, and invest under parental oversight.
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