Part of that reticence toward adopting commercial card payments lies with the interchange fees on transactions, typically a few percentage points, paid by suppliers. It’s a fixed rate, a cost of doing business. Buyers, of course, can enjoy the benefits of rebates. Somewhere, there exists a middle ground between buyers and suppliers willing to embrace cards and seeking to optimize cash flow, as Boost Payment Solutions Founder and CEO Dean M. Leavitt pointed out. To that end, Boost said this morning (Oct. 16) that it is unveiling Dynamic Boost — billed as the first payments platform to apply rules-based, dynamic interchange pricing to commercial card payments.
New York, NY– October 16, 2018 – Boost Payment Solutions®, the leader in commercial card payment optimization, today announced the launch of Dynamic BoostSM– the
Boost’s CEO, Dean M. Leavitt, was featured in PMNTS.com’s 2018 B2B payments eBook, where he discusses how the use and acceptance of commercial cards can result in a “win-win” scenario for buyers and their suppliers.
Despite the speed, efficiency and security of virtual commercial cards for B2B payments, adoption remains low compared to other payment rails. ACH appears to be
Beyond the stereotype of the piña colada on the beach and tropical climates, the Caribbean beckons as a hot spot for B2B payments through virtual