By PYMNTS “The pandemic has brought into very clear focus how commercial trading partners are struggling, with cash flow challenges due to payment slowdowns among the biggest contributors,” says Dean Leavitt, founder, and CEO of Boost Payment Solutions. “Finding ways to preserve working capital has become an ever more difficult challenge.” Levitt shares how his firm…
Read MoreBy Nilson Report 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…
Read MoreBoost and Visa to provide commercial cardholders and their suppliers flexible and dynamic pricing options to increase commercial card use and acceptance. New York, NY — October 1, 2020 — Boost Payment Solutions, Inc., the leader in optimizing the use and acceptance of commercial cards, announced today a strategic collaboration with Visa to provide…
Read MoreIn the absence of corporate travel and entertainment, as the road warriors stay (and work) at home, it may make sense that commercial card use would see a pause in the B2B space.
But in an interview with Karen Webster, Dean M. Leavitt, founder and CEO of Boost Payment Systems, noted that commercial cards — and virtual cards in particular — are ready for a steep adoption curve, made all the steeper by the pandemic.
Read Moreby PaymentsJournal PaymentsJournal sat down with Dean M. Leavitt, Founder & CEO of Boost Payment Solutions, Inc., and Steve Murphy, of Mercator Advisory Group to speak in more detail about how businesses can benefit by digitizing and shifting to commercial card acceptance. → Read the full article or listen to the podcast here. The impact of the…
Read MoreSingapore is the latest country integrated on Boost’s proprietary commercial cards platform. NEW YORK – Boost Payment Solutions®, the leader in optimizing commercial card payment and acceptance, today announced the expansion of its international commercial cards network to nearly 30 regions. Today’s news underscores Boost’s ability to provide a simple, straight-through processed (STP) solution for businesses…
Read MoreInc. magazine revealed that Boost Payment Solutions has been selected for the annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained…
Read MoreBroadly speaking, innovation in B2B payments over the past decade has been the result of a digital transformation designed to eliminate transactional friction. AP and AR departments sought to streamline how they made and accepted payments; how they could gain more visibility into their enterprise data; how they could more efficiently manage their cash; and…
Read MoreNEW YORK, NY – April 3, 2019 – Boost Payment Solutions, the leader in commercial card optimization, today announced its closing of $12 million in a Series B equity and venture debt funding round led by Mosaik Partners and North Atlantic Capital. The proceeds will be used to raise the company’s profile domestically and internationally…
Read MoreNEW YORK, NY – February 21, 2019 – Boost Payment Solutions, the leader in optimizing the use and acceptance of commercial card products, today announced that in 2018 it increased the commercial card volume it processed globally by 70%. Boost’s success follows significant strides made over the course of the year, including the launch of…
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