LOS ANGELES--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB:VPIG), provider of award-winning payment technology Oink, today announced that Paybefore has selected the Oink Card as Best in Category in the Head of the Class category of the 2015 Paybefore Awards. For nine years, Paybefore Awards has conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile and emerging payments industry.
“This year’s Paybefore Awards have demonstrated once again that payments companies are committed to driving out the inefficiencies of cash and checks, while also increasing value for clients and end users,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “We’re proud to recognize the contributions of Discover Prepaid, Virtual Piggy and Marqeta to advancing electronic payments.”
Oink was recognized for Best in Category alongside Discover and Marqeta for the creation of the Oink Card, which leverages mobile channels and prepaid technology to help teach financial management to kids and teens in a clear and responsible way. Discover Network partnered with Oink to leverage its unique payments infrastructure to develop creative solutions that benefit customers. This prepaid environment creates the setting necessary for parents to have conversations about financial literacy with kids and teens, ultimately helping to prepare them for a successful, long-term financial transition into adulthood.
“I want to thank Paybefore for this award, and Discover and Marqeta for making this all possible. It’s been a great year working to put this program together and we are all thrilled to obtain this recognition,” said Dr. Jo Webber, CEO and Founder of Oink. “We can already see how consumers are using the Oink wallet, and we are working to bring other exciting features including peer-to-peer payments and a rewards program this year.”
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 teen wallet. Oink enables teens to manage and spend money within parental controls while gaining valuable financial management skills. The technology company also delivers payment platforms designed for the under21 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, based in Hermosa Beach, CA, is on the Web at: www.virtualpiggy.com and holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395.
About Paybefore
Paybefore is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of industry publications includes:Paybefore.com; Pay NewsTM; Pay GovTM; Pay WeekTM; Pay Op-EdTM; Pay MagazineTM, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global payments industry; and the only industry directory, Pay ConnectTM buyer’s guide, available online and in print. Visit us at www.paybefore.com.
Safe Harbor Statement
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.