Rego Payment Architectures, Inc. Announces Its White-Label Senior Financial Management Product To Be Available End of March 2025

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Rego Payment Architectures, Inc. Announces Its White-Label Senior Financial Management Product To Be Available End of March 2025
Rego Payment Architectures, Inc.
Rego Payment Architectures, Inc.

Financial institutions will be able to launch banking products in their own brand that provide oversight and insight into elderly financial health to their caretakers

BLUE BELL, Pa., March 06, 2025 (GLOBE NEWSWIRE) — Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), the leading white-label family financial lifecycle solution platform, today announced the upcoming launch of a first-of-its-kind white-labeled senior financial management (SFM) product that enables banks and credit unions to help protect the financial well-being of senior citizens. REGO’s SFM product allows financial institutions to deploy an integrated branded solution that provides caretakers and fiduciaries with critical oversight and insight into their loved ones’ financial activity and help guard against fraud – even if they bank at different institutions.

Financial exploitation of the elderly has become a national crisis. In 2023 alone, Americans over the age of 60 lost more than $38 billion to financial fraud – three times the losses from the previous year, according to Comparitech. The FBI’s 2023 Elder Fraud Report found that elderly fraud victims lost on average $33,915, with nearly 6,000 seniors losing more than $100,000 each.

Built on the same secure and compliant platform as REGO’s industry-leading white-label youth banking product, REGO’s SFM offering gives adult children and caretakers full visibility into the financial well-being of their aging family members. It integrates with a financial institution’s digital platform, core banking system, and card processor, allowing banks and credit unions to retain customer relationships and grow deposits.

Key features of REGO’s senior financial management product include:

  • Comprehensive account visibility across checking, savings, credit cards, and investment accounts.

  • Bill payment reminders to prevent missed payments.

  • Spending variance alerts that flag unusual behavior.

  • Transaction monitoring to detect unauthorized or suspicious activity.

  • Fraud detection alerts powered by a proprietary Protection Score.

  • Cash flow projections to help families plan for future expenses.

“We have always believed that financial institutions are best positioned to support families at every stage of life,” said Peter S. Pelullo, CEO of REGO. “With our youth banking platform, we helped banks and credit unions engage families by empowering parents and children. Now, with our senior financial management offering, we are enabling financial institutions to extend that trust and support to the elderly and their caretakers.”

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