Company Research Report: Boost Payment Solutions, Inc.
Company Overview
- Name: Boost Payment Solutions, Inc.
- Mission: To provide a technology platform that seamlessly serves the needs of today's commercial trading partners, enabling efficient and secure B2B digital payment processes.
- Founded: 2009
- Founder: Dean M. Leavitt
- Key People:
- Dean M. Leavitt (Founder & CEO)
- Illya Shell (Chief Operating Officer)
- Mariana Lamson (Chief Financial Officer)
- Seth Goodman (Chief Revenue Officer)
- Rebecca Schultz (Chief Marketing Officer)
- James Lister (Chief Architect)
- Rinku Sharma (Chief Technology Officer)
- Zach Held (Head of Product & Commercialization)
- Headquarters: New York, NY
- Number of Employees: No information is available.
- Revenue: No specific revenue information available.
- Known For: Boost Payment Solutions, Inc. is known for being a leader in B2B digital payments, particularly through its proprietary technology that optimizes the use and acceptance of commercial cards.
Products
- Boost Intercept®
- Description: A patented straight-through processing technology that automates commercial card payment processes.
- Key Features:
- Converts commercial card payments into a completely passive experience.
- Optimizes pricing, automation, reporting, and security.
- Eliminates manual workflows and improves cash flow.
- Dynamic Boost®
- Description: A patented rules-based payment engine offering real-time decisioning and interchange flexibility.
- Key Features:
- Provides pricing flexibility based on dynamic, rules-based constructs.
- Guarantees faster receipt of funds with payment date requirements.
- Allows control of payment methods with invoices and customer selection.
- Boost 100®
- Description: A platform of solutions designed to maximize commercial card spend by providing complete control over payment terms.
- Key Features:
- Maximizes card use by allowing 100% of payments through commercial cards.
- Offers flexible pricing models and transaction cost optimization.
- Facilitates cross-border payments without foreign BIN requirements.
- Boost 100XB®
- Description: Solutions for global B2B card payments without the boundaries.
- Key Features:
- Streamlines cross-border payments with no foreign BIN required.
- Supports multiple pricing models: Buyer-funded, Supplier-funded, Shared-cost.
- Provides quick, easy supplier enrollment without extra cost.
Recent Developments
- Recent Developments:
- Realized a 148% increase in transactions processed in 2024.
- Boost Payment Solutions experienced over $12 billion processed with a 195% YOY increase in transactions in 2023.
- New Products Launched:
- Boost 100®, designed to optimize and maximize card-based payments.
- New Features Added:
- Enhanced capabilities for cross-border payments using Boost 100XB, enabling payments to global suppliers using U.S.-issued commercial cards.
- Partnerships:
- Announced partnerships with Conferma Pay to transform the payments industry.
- Collaborated with Mastercard for a global partnership aimed at expanding commercial card usage.
- Partnered with Visa via the Dynamic Boost® platform to increase business payments acceptance.
Boost Payment Solutions continues to build on its reputation as an innovator in the B2B payments market, leveraging strategic technology partnerships, proprietary solutions, and expanding global outreach to set new standards in payment processing efficiency and security.
