Posts Tagged ‘digital shift’

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…

By 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…

In 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.