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parent first registered their own account. The parent could then assign individual child accounts to multiple children. Within each child account, the parent was able to control how much money was available to the child, how often they received new funds (a monthly allowance), which merchants the child was allowed to buy from, and any desired spending limits. The parent was also able to "turn off" the child accounts, and request notifications when purchases were made. The child was able to log into their account, which tracked recent purchases, funds available, savings goals and charitable donations. In June 2015, Oink updated their app to include P2P payments functionality between users and family and friends.
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REGO Payment
Architectures, Inc.'s service worked by allowing a parent to register an account, which could then set up parameters for child accounts. Because the parent account stored all personal information, a child was able to make a purchase without providing any of their personal information. A
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Upon checkout, the child chose the Oink payment option. The child was then prompted to enter their Oink username and password. If there were sufficient funds in the account, and the purchase matched the parameters set up by the parent, the transaction was completed.
364:. Founder Jo Webber and co-founder Pradeep Ittycheria created Virtual Piggy to provide a safe way for children to transact online. It became a publicly traded company in October 2008. In March 2011, the Virtual Piggy service was awarded the
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compliant. In Fall 2011, the company dropped the Moggle Inc. name, and became
Virtual Piggy, Inc. It was publicly traded with the symbol VPIG. March 2012 saw founder and chairman Jo Webber take on the role of CEO. The company relocated to
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Oink was the first service that enabled transactions for under-13 users that were COPPA-compliant. This meant the service was the only way for someone 12 or younger to make an online purchase without violating these laws regulated by the
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Because the child never provided any personally identifiable information as a part of the purchase process (such as a name, residential address, email address or credit card), the transaction was
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As of
December 4, 2013, the name of the Virtual Piggy youth payments solution changed to Oink. The corporate name remained Virtual Piggy.
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compliant. The merchant was able to ship any physical items to the child using the mailing address provided in the parent account.
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Architectures, Inc. initially launched in 2008 as a product of Moggle Inc., located in
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469:"Virtual Piggy, A Paypal For Minors, Rebrands As Oink After It Buys Domain From Kevin Rose's Milk"
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Moggle Inc. Receives the TRUSTe
Privacy Seal and COPPA Certification | Business Wire
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It may require cleanup to comply with
Knowledge's content policies, particularly
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Quotes and
Investor Information for OTCQX, OTCQB, OTC Pink and other OTC Stocks
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On
January 28, 2014, Oink announced that over one million users had signed up.
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Virtual Piggy
Appoints Innovative Founder and Chairman As CEO | Business Wire
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On
November 21, 2014, Oink announced the launch of their prepaid card on the
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616:"Virtual Piggy Puts Allowances Online - Could it be PayPal for Kids?"
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709:"Virtual Piggy lets children get online allowances - Yahoo! News"
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734:"Virtual Piggy's Kid-Friendly Online Payment Platform"
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A major contributor to this article appears to have a
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The notability of this technology was recognized by
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633:FinovateFall 2012 – virtualpiggy – Finovate
368:Children’s Privacy Seal, and was certified
53:Learn how and when to remove these messages
684:""Oink" Launched for Teen Online Payments"
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244:Learn how and when to remove this message
226:Learn how and when to remove this message
160:Learn how and when to remove this message
105:Learn how and when to remove this message
594:"Virtual Piggy™ : Company Profile"
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187:contains content that is written like
535:Virtual Piggy™ : Company Profile
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132:tone or style may not reflect the
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508:"Business Day: Virtual Piggy Inc"
34:This article has multiple issues.
732:Schicktanz, Julie (2012-08-01).
257:REGO Payment Architectures, Inc.
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142:guide to writing better articles
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85:. Please discuss further on the
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42:or discuss these issues on the
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293:Jo Webber, Pradeep Ittycheria
711:. News.yahoo.com. 2012-03-12
394:referred to the service as "
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754:Penn, David (2015-06-02).
16:American payment processor
783:Electronic funds transfer
208:neutral point of view
83:neutral point of view
688:www.businesswire.com
672:on February 6, 2013.
421:Frost & Sullivan
335:Youth payment system
384:The technology was
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398:for Kids".
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311:Area served
762:2015-06-23
758:. Finovate
740:2012-08-13
736:. Finovate
715:2012-08-13
694:2020-12-21
600:2012-08-13
479:2021-11-11
473:TechCrunch
455:References
379:California
321:Key people
276:E-Commerce
196:improve it
39:improve it
517:5 October
87:talk page
45:talk page
777:Category
614:Forbes.
494:"Search"
332:Products
290:Founders
272:Industry
282:Founded
620:Forbes
396:PayPal
391:Forbes
366:TRUSTe
266:Public
670:(PDF)
659:(PDF)
449:COPPA
386:COPPA
370:COPPA
519:2012
342:Oink
285:2008
404:FTC
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