LOS ANGELES--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB:VPIG) was initially founded as an online digital wallet, a “PayPal for kids.” With the recent market introduction of the award-winning Oink prepaid card, Virtual Piggy officially entered the prepaid card market. In line with this new focus, Virtual Piggy is pleased to announce the appointment of two banking industry veterans, Phillip Manning and Dale Jensen, to its Board of Directors.
Mr. Manning’s most recent experience in the credit and debit card industry includes his position as Managing Director/Owner of Executive Business Consultancy Limited, CEO of ADIB UK Limited, Managing Director of Global Cards Business Development at Citigroup, and Director of Business Development for MBMA Europe. During his time at Citigroup, Mr. Manning was responsible for globally developing and establishing international card partnership strategies in over 40 countries.
Mr. Jensen’s high-profile career spans 30 years, 8 vertical markets, countless accolades, and ownership of professional sports teams, including the Arizona Diamondbacks. Mr. Jensen co-founded Information Technology, Inc. (now Fiserv, NASDAQ: FISV), a computer software and solutions provider for banks and savings institutions, and was the youngest Vice President at The National Bank of Commerce. He has served on the Virtual Piggy Board of Advisors since 2013.
“We are very excited with the addition of Mr. Manning and Mr. Jensen to our Board of Directors. Phillip Manning’s experience and knowledge of the credit and debit card industry and Dale Jensen’s banking experience will be instrumental in helping Oink deliver high-quality prepaid card programs,” said Dr. Jo Webber, CEO and Founder of Oink.
Oink promotes financial management while empowering millennials and generation Z to make purchasing, saving and other money management decisions for themselves, within set boundaries. Oink’s technology serves as a digital wallet, supported by the Oink card, a Discover prepaid card that allows safe and secure 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 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 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, 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.