Last year, commercial card purchase volume generated by cards issued in the U.S. reached an all-time high of $1.523 trillion, which amounted to 22.7% of combined commercial and consumer purchase volume, also an all-time high. The potential purchase volume that could migrate to commercial cards is enormous. Business-to-business (B2B) spending is believed to be in the $20-trillion range in the United States and to exceed $100 trillion worldwide.
Boost Payment Solutions pursues commercial card spending opportunities at large enterprises—public and private corporations and government agencies—where it’s end-to-end, straight-through processing (STP) system can best benefit buyers and sellers (suppliers). Buyers use Boost to initiate payments to suppliers when it best suits their own days payable outstanding (DPO), maximizing working capital. Suppliers and buyers benefit from the automatic reconciliation to their enterprise accounting systems from STP. In B2B, every buyer is also a supplier.
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