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Virtual Piggy banking on kids making parent-monitored online payments
Virtual Piggy banking on kids making parent-monitored online payments

Parents who have found big credit card and debit card charges for unauthorized online purchases by their teens might be wondering what they can do to prevent it from happening again. That's one reason why Virtual Piggy Inc. exists. The Hermosa Beach company's primary product is an app called "Oink: Your Digital Family Wallet" for Apple, Android and — soon — Windows-based phones. It allows parents to download an app and use it to create an account and set a spending limit for their children. It also authorizes where they can spend the funds. As that spending occurs, the buying and spending patterns can be accessed by tablet or phone and discussed by both...

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