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IndustryUpdate

Truevo lands 1xBet card ownership. The survey, solic-
iting 1,750 cardholders' opinions,
Online bookmaker 1xBet selected Malta-based payments company Truevo found cash-back rewards are king
Payments to facilitate the acceptance of Visa, Mastercard and Maestro depos- among participants: 72 percent of
its from players across the globe. 1xBet noted that it will also make use of respondents reported they have a
Truevo's Original Credit Transfer solution to process almost instant payouts cash-back rewards credit card. Store
to over 1 billion eligible bank cards. credit cards (owned by 38 percent
of those surveyed) are a distant sec-
TruRating joins Mastercard Start Path, expands globally ond in popularity.
Customer feedback technology company TruRating reported a series of major
global advances – including the company's acceptance into Mastercard Start SDCR details software develop-
Path, a startup engagement program designed to support the fintech innova- ment cycles
tors of today and tomorrow. Building on relationships it has established with Knowing that software devel-
some of the world's largest payment providers, TruRating is now providing opment projects are complicat-
retailers with its services at a global level. Retailers include such brands as ed initiatives that require hefty
New Balance, JD Sports and Bealls. TruRating added that it also expanded budgets and plenty of time,
operations into New Zealand to achieve coverage of over 90 percent of retail- SoftwareDevelopmentCompany.
ers in Australia and New Zealand. co detailed the top steps to fol-

low within a software development
RESEARCH life cycle. These are: 1. Planning;
2. Requirements and Analysis; 3.
Cash-back rewards highly popular Design and Prototyping; 4. Software
Development; 5. Testing; 6. Software
CardRatings.com released results of its most recent credit cardholder sur- Deployment; and 7. Operations and
vey, which examined credit scores, personal income, spending and payment Management. Researchers provided
habits, what types of cards people use and why, and other aspects of credit guidance for each step and advised
that businesses partner with devel-
opers who can follow proven pro-
cesses to make software solutions
efficient and offer a strong return
on investment.
Will disposable technology
redefine payments?

Tribe Payments published a study
on the effect of disposable technol-
ogy on payments. The paper looks
at the common use of modular tech-
nology by fintechs and how legacy
players without it are struggling
to keep pace. Modular technology
allows payment providers to be
more flexible and enables innova-
tion; many legacy providers have
complex, highly integrated back-
end infrastructure, which makes
adding new services nearly impos-
sible, responding to market trends
slow, and even small changes dis-
ruptive, researchers stated. Short
term, modular technology can be
used as a patch for aging function-
ality, but longer term, they will
need to choose between building a
new platform or a cheaper multi-
platform model that may be inef-
ficient, researchers added.

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