LOS ANGELES -- (BUSINESS WIRE) -- Virtual Piggy, Inc. (OTCQB:VPIG), provider of innovative safe youth payments technology, Oink, today announced users will soon have additional in-store payment capabilities with transactions enabled via the Discover® Network.
With more than 2 billion teens spending $800 Billion globally, Oink has been providing a family wallet solution to shop safely and securely and can be used as a financial management tool.
"Discover and Oink share common goals centered around financial transparency and youth financial literacy,” said Dr. Jo Webber, CEO & Founder of Oink. “This shared vision, coupled with the wide acceptance of the Discover network, makes this arrangement perfect for Discover and Oink.”
This new functionality will initially go live in the U.S., and then will expand to Europe and Asia later this year.
For information about Oink visit www.oink.com.
About Virtual Piggy, Inc.
Virtual Piggy is the provider of Oink, the first e-commerce solution that enables kids and teens to manage and spend money within parental controls. It enables parents to teach financial management through the use of a secure family wallet. The technology company delivers online security platforms designed for the Under 21 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. The company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com.
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All statements herein other than statements of historical facts are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Such statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. Such factors include, but are not limited to, our ability to raise additional capital, our limited operating history and revenue, our ability to attract and retain qualified personnel, our dependence on third party developers, our ability to develop new services, market acceptance of our services, legislative, regulatory and competitive developments, enforcement of our intellectual property, general economic conditions, as well as other factors set forth under the caption "Risk Factors" in our Forms 10-K filed with the SEC, and other filings with the SEC.