Pennsylvania credit union expands its digital banking experience with a secure, parent-controlled financial solution for families
BLUE BELL, Pa., Oct. 29, 2026 (GLOBE NEWSWIRE) — Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), the leading white-label family financial lifecycle platform for financial institutions, today announced that Service 1st Federal Credit Union has launched Family Wallet, a youth banking experience powered by REGO and integrated within Service 1st’s digital banking experience. Service 1st has branded the experience designed specifically for kids as splashup!
Family Wallet gives parents a secure, supervised way to help their children build practical money skills, while splashup! gives kids an engaging way to earn, save, spend, and achieve goals. Parents maintain the visibility and control they need, and children gain real life experiences managing money. The integrated experience allows Service 1st to introduce younger members to digital banking within the same trusted relationship their families already have with the credit union.
“Financial empowerment has always been central to how Service 1st serves our members and communities,” said Christopher Court, Chief Strategy & Innovation Officer of Service 1st Federal Credit Union. “Family Wallet gives parents a practical way to teach healthy financial habits through real-life experience, with the oversight and safeguards families expect. By bringing this experience into our digital banking platform, we can support our members and their children through another important stage of their financial lives.”
Service 1st’s launch builds on a long-standing commitment to financial education. In 2025, the credit union held 18 high school financial reality fairs, including an event that engaged 1,890 students in hands-on learning focused on real-world financial decisions. Family Wallet extends that educational mission into members’ everyday digital banking experience.
“Service 1st understood that youth banking can deepen a financial institution’s relationship with the entire family while giving parents better tools to prepare their children for financial independence,” said Peter S. Pelullo, Chief Executive Officer of REGO. “Family Wallet gives banks and credit unions a differentiated, privacy-first family banking experience that can strengthen relationships across generations.”
REGO’s platform is designed from the ground up to protect children’s data and is certified to exceed the child data privacy requirements of the federal Children’s Online Privacy Protection Act, or COPPA. Financial institutions can deploy the platform under their own brand while maintaining the trusted relationship with their customers or members.
For more information about Service 1st Federal Credit Union, visit service1.org. For more information about REGO, visit regopayments.com.
About Service 1st Federal Credit Union
Service 1st Federal Credit Union is a full-service financial institution with total assets exceeding $850 million. We put the financial goals of our 53,000+ members at the heart of everything we do. Whether in one of our branches located in Bloomsburg, Danville, Elysburg, Lewisburg, Loyalsock, Mifflinburg, Montandon, Muncy, Shamokin Dam, Sunbury and Wilkes-Barre, or out and about in the community, our credit union team shares our core values that ensure our focus is always to strengthen the financial lives of our members and our community. After celebrating our 50th anniversary in 2025, we look forward to continuing this tradition for years to come. Member deposits are federally insured by the NCUA. For more information, visit service1.org.
About REGO
Rego Payment Architectures, Inc. (“REGO”) is a family digital wallet platform that empowers financial institutions to let their customers’ or members’ children spend, save, donate and invest in a safe, parent-controlled environment. Founded in 2008, REGO is the only family digital wallet platform to be certified COPPA (Children’s Online Privacy Protection Act) and third-party GDPR (General Data Protection Regulation) compliant. REGO has also been awarded multiple patents related to the safety of parent and child data, including age verification of users. Built from the ground up to protect the privacy of children’s data, REGO offers financial literacy tools for parents to teach their kids to be smarter shoppers, savers, givers and investors. Financial institutions of all sizes can offer a family digital wallet product through REGO as a white-labeled stand-alone application or fully integrated into their existing app. For more information, visit regopayments.com.
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The information in this press release may contain forward-looking statements on REGO’s current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties, and assumptions about REGO that may cause the actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from REGO’s expectations include, but are not limited to: REGO’s ability to raise additional capital, the absence of any material operational history or revenue, REGO’s ability to attract and retain qualified personnel, the ability to develop and introduce a new service and products to the market in a timely manner, market acceptance of REGO’s services and products, REGO’s limited experience in the industry, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, unexpected network interruptions or security breaches, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other risks as described by REGO in Item 1.A “Risk Factors” in REGO’s most recent Form 10-K; other risks to which REGO is subject; and other factors beyond REGO’s control.
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Media Contact
Pawan Murthy
Chief Marketing Officer
Rego Payment Architectures, Inc.
pawan@regopayments.com
