A Simplified Payment Solution

Boost Payment Solutions has simplified virtual card payment processing. Our push payment solution, powered by Boost Intercept®, turns virtual commercial card payments into a completely passive experience – reducing physical administration, mitigating fraud and addressing cash flow issues.

ACME is working with Boost Payment Solutions to offer this convenient payment option to you as a valued ACME supplier.

Payments via the Boost Program

One of the major benefits of the program is significantly quicker payments. ACME’s standard payment terms are Net 60. Suppliers participating in our ePayables program with processing via Boost will be paid based on invoice approval at Net 0.


What is Boost Intercept?

Boost Intercept® is a cloud-based virtual “lockbox” that translates email or file-based virtual card notifications into push payments.

Benefits of Push Payments

Hover over the benefit to find out more

Improve Cash Flow

Increase Working Capital

With virtual card payments, you may receive payments faster, making funds available sooner and potentially improving your days sales outstanding.

Create Efficiencies

Fully Automated

Boost Intercept® routes card payments and data automatically to suppliers and sidesteps manual processes. You'll also receive an electronic file with invoice details for reconciliation in your preferred format.

Secure Payments

Secure Payment Method

Eliminates the need to extract card data from email payment requests, reducing potential fraud and eliminating the need to store sensitive card information.

Ready to Get Started?

Getting started is easy. You can begin the enrollment process by completing Boost's Online Acceptance Agreement and Application. After submission, a Boost representative will follow up to complete the process and answer any questions you have.

Quick Questions:

Virtual credit cards are a flexible electronic payment method using 16-digit credit card numbers typically created for purchases at set amounts.  Most commonly sent via email, they offer convenience, security, and speed in the B2B payments space. Virtual cards can improve accounts payable (AP) processes, benefitting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. They also offer more safeguards against fraud than traditional business credit cards.

Boost processes virtual cards in an automated way, eliminating manual processing steps. 

Getting started is easy. If you are already a Boost customer,  just email us at inquiries@boostb2b.com or contact us using the form on this page and let us know the customer that you want to accept payments from via your Boost account. We’ll then verify and confirm your account information, and begin automating your payments.  No further action is needed on your part.

Boost provides enhanced reporting with full remittance and settlement details. Reports are available in a CSV format or in the format of your accounting software and can be selected with the help of our customer service team after enrollment. 

Boost offers the lowest possible business to business card acceptance fees. Boost’s rates are available here.

Yes. Boost suppliers are never exposed to 16-digit card numbers. All live card data is encrypted and tokenized and the supplier (and Boost) are never exposed to it. Only the last four digits of the card numbers are shared with the supplier for tracking purposes. Consequently, as card data is not shared with the supplier, the supplier is not beholden to PCI compliance requirements for the payments that Boost processes.

No, the funding process is completely automatic, and the transactions will qualify at the lowest published B2B interchange rates.  Virtual cards from your customers are automatically processed by Boost and the funds are deposited directly into your preferred bank account by Boost.

Transactions through Boost will not be delayed, regardless of transaction size.  Boost processes multi-million dollar card payments almost every day.  Boost processes the virtual card payments for Fortune 100 companies and thousands of smaller companies, too. 

From the time when your customer sends the virtual card for payment, the funds will typically be in your bank account within 24 – 72 business hours depending upon the bank-to-bank relationships between Boost’s funding bank and your bank.

Once the application is completed, it will take five to seven business days for account set up.  The Boost customer service group would typically reach out if there are any questions about the information provided or if any required information is missing.

No, these payments would be processed by Boost and there will be no fees from any other processor that you use.  You would not be paying two sets of card fees.

There are no monthly or other charges beyond the per-transaction fees.  If there are no payments processed by Boost in a given month, there will be no charges from Boost for that month. There is no long-term commitment to use Boost – you can use your Boost account when you want and you are free to switch processors at any time.

Net Settle is the most popular funding option and provides the net of the payment amount after any card fees are deducted.  There is no debit required.  The Gross/Net Settle option deposits the full amount of the payment into the bank account and debits out the fees.  It is a bit easier to reconcile, but requires the company to provide Boost the ability to debit the applicable bank account.  Boost will provide a remittance report to let the merchant know the invoices paid on the day after the payment is submitted by the buyer.  Boost will also provide an enhanced remittance report on the expected day of funding that shows the gross amount funded, the card fees and the net amount of the payment, typically broken out by invoice.  Reconciliation will be straightforward with whichever funding method you choose.

Boost will need either a voided check or a bank letter on bank letterhead that provides the bank account details for funding so we can deposit the funds into your preferred bank account.  We cannot accept banking information on the company’s own letterhead.  This is required to meet Anti-Money Laundering (AML)/ Know Your Customer (KYC)/ Financial Crimes Reporting Network (FINCEN) regulations.  The voided check or bank information on bank letterhead should be scanned and saved as a PDF file and emailed to registration@boostb2b.com.  

Publicly traded companies are not required to provide beneficial ownership information, but the ticker symbol for the company must be provided.  Most companies are privately held (meaning they are not listed on a major stock exchange) and will need to complete some additional fields in the Boost application including providing a social security number, birth date and an address (as provided on a driver’s license) for a beneficial owner or control manager.  Boost Payment Solutions partners with regulated financial services institutions and, as such, we are required to obtain this information from all privately held companies to comply with Anti-Money Laundering (AML)/ Know Your Customer (KYC)/ Financial Crimes Reporting requirements via the Bank Secrecy Act, USA Patriot Act, and Financial Crimes Enforcement Network (FINCEN) regulations. To confirm, this information is not used for any purpose by Boost other than to meet federal regulations.  These regulations apply to the set up of all merchant processing accounts and any new merchant processing or bank account will require the same information to be provided.  In fact, any company that has opened any merchant processing or bank account since May 11, 2018 would have been required to provide this information.  

Most companies elect to provide the information required from a “control manager” rather than a beneficial owner, which is sometimes difficult to capture. A control manager can be a manager in the company’s accounting or finance group.  
    
Here are a few links that explain why Boost is required to obtain this information:  
   
https://www.fincen.gov/news/news-releases/fincen-reminds-financial-institutions-cdd-rule-becomes-effective-today  
    
https://www.fincen.gov/sites/default/files/2018-04/FinCEN_Guidance_CDD_FAQ_FINAL_508_2.pdf  
 
Boost maintains strict protocols for information and data security as well as confidentiality and privacy.  As noted above, we are subject to FINCEN (Financial Crimes Enforcement Network) and Anti-Money Laundering rules and are required to maintain specific PII (Personal Identifiable Information) as per government mandate.
 
We hope you understand our requirement to gather this information and will complete the fields in the application so we can complete the setup of your Boost account.

Have more questions or want to get started?

Let us know and we'll get back to you.

© Copyright Boost Payment Solutions, Inc. 2022

Boost Payment Solutions, Inc., is a registered ISO and Payment Facilitator of Fifth Third Bank, N.A., Cincinnati, OH., a registered Payment Facilitator of Elavon, Inc., and a registered ISO of AIB Merchant Services, Dublin, Ireland.

Payments via the Boost Program

One of the major benefits of the program is significantly quicker payments. ACME’s standard payment terms are Net 60. Suppliers participating in our ePayables program with processing via Boost will be paid based on invoice approval at Net 0.

* Any existing contracts will be honored at prevailing terms, but suppliers participating in our ePayables program with processing via Boost will be paid based on invoice approval at Net 0 and will not be changed to Net 60 terms as any contacts are renewed.