LOS ANGELES--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB: VPIG), provider of the award-winning payment technology Oink, today announced the Neon release of their iOS app with added money transfer functionality using P2P technology.
“The Neon release of our app presents a number of exciting new features including Touch ID authentication and an enhanced notifications engine,” said Dr. Jo Webber, CEO and Founder of Virtual Piggy. “By adhering to U.S. COPPA laws we are delivering the appropriate controls and safeguards to allow Oink money transfers to be used by all members of the family.”
The Neon release provides increased visibility and control of potential funders of the youth wallet. The new notifications engine provides full transparency into all funding and spending activities and delivers important information to the consumer on all Apple devices, including the Apple Watch. Parents have complete visibility as to who their children have invited to fund their accounts, can manage individual funders, and are able put a hold on child spending at any time.
The Oink 2.0 (Neon) App is available at https://itunes.apple.com/us/app/oink/id773021178.
Oink empowers millennials and generation Z to make their own purchasing, saving, and other money management decisions, within set boundaries. The award-winning technology serves as a digital wallet and card that allows for safe, secure and legal transactions.
For information about Oink visit www.oink.com.
About Virtual Piggy, Inc.
Virtual Piggy is the provider of Oink, a secure online and in-store youth wallet. Oink enables kids and teens to manage and spend money within parental controls while gaining valuable financial management skills. In addition to the Oink Card, the technology company also delivers payment platforms designed for the under 21 age group in the global market and 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 holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395, and was recently named Best in Category for teen cards in the 2015 Paybefore Awards. Virtual Piggy Inc. is based in Hermosa Beach, CA, and found 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.
