Boost Payment & Visa partner to increase business payments acceptance
By Pavithra R
Boost Payment Solutions, a leader in optimizing the use and acceptance of commercial cards, has announced a strategic partnership with Visa to provide Visa commercial card issuers, suppliers and cardholders with payment flexibility, straight-through processing (STP) and automated reconciliation to expand commercial card use and acceptance.
“Visa’s partnership with Boost will expand the universe of suppliers that accept Visa commercial card products. Boost’s innovative approach to commercial card payments creates an opportunity for businesses to pay invoices with Visa commercial card products and realize payment automation benefits through a wide network of accepting suppliers,” said Abhishek, Vice President, Global Head B2B Acceptance, Visa Business Solutions.
Boost, being a FinTech acquirer exclusively focused on B2B payments is well-positioned to serve Visa commercial card customers through its proprietary technologies and market positioning. Its Dynamic Boost platform, which utilizes rules-based pricing for commercial card payments, along with Boost’s proprietary STP platform, Boost Intercept, will provide participating Visa cardholders access to flexible pricing models that encourage card acceptance from suppliers which historically have been resistant to pre-set pricing and manual processes often associated with commercial card acceptance.
“We’re very excited to partner with Visa and to offer their clients Boost’s peerless product suite designed to deliver both economic and ergonomic efficiencies on both sides of a B2B transaction. We look forward to helping Visa’s commercial clients grow their card programs by maximizing commercial card acceptance through Boost’s technology-enabled solutions and time-tested supplier enrollment processes,” said Dean M. Leavitt, Founder and CEO of Boost Payment Solutions.
Recently, Boost Payment & BMO Harris Bank partnered for automated B2B payment solutions.
Established since 2009, New York-based Boost Payment Solutions optimizes how commercial card payments are initiated, processed, received and reported. Its technical innovations have transformed commercial cards into a cost-effective, scalable and secure alternative to traditional checks, wires and ACH.
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