PRIVO – Privacy Vaults Online Inc. – was established to enable web sites to comply with COPPA - the Children's Online Privacy Protection Act. Denise Tayloe, co-founder and CEO of PRIVO, spoke with Regarding ID’s Gina Jordan about the project. PRIVO was awarded $1.6 million for the first year of the pilot. If the company meets its milestones, it'll get about the same amount for year two. Tayloe says they'll start by establishing a Minors Trust Framework with 50 different relying parties. "It'll create an online identity trust model compliant with COPPA and the new rule update, and then other nuances around children – transactions on the Internet," Tayloe says. "Just the fact that they’re minors, there are things that need to be taken into consideration for the framework."