Acceptance On Your Terms

ACME is working with Boost Payment Solutions to offer fully automated digital payments to you as a valued ACME supplier.

Boost's proprietary technology solutions bridge the needs of buyers and suppliers around the world, enabling you to get paid quicker and easier with commercial cards.

Advantages of the Digital Payments Program Include:

Fast, Predictable Payments

Net 0 terms and remittance within 1 to 3 days after invoice approval

Special Pricing

Your total cost of acceptance will be 1.00% per transaction

Simplified Reconciliation

Enhanced automated remittance reporting available in your preferred format

Secure Payment Method

No credit card numbers to handle or protect

Automated Payment Processing

Payments are direct deposited to your bank account with no manual work

Reduction in Billing and
Collection Costs

No lost checks or handling of paper checks

Questions?

Please reach out to Boost Payment Solutions at supplierenablement@boostb2b.com.
To speak to your Boost Team Member directly, please schedule a consultation below.

To contact ACME directly, please reach out to our Virtual Pay Program Administrator,
John Smith, at boost@boostb2b.com.

First Name Last Name
Email Address
Phone #

Payments via the Boost Program

Our Company's standard payment terms are Net 60. Moving forward, virtual payments will be our preferred payment type and will be the only way to receive expedited payments from us. We will continue to honor any payment terms and methods already negotiated into our contracts with suppliers.

What is Boost Intercept?

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

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. 

If you have any further questions regarding the program, please reach out to Boost Payment Solutions at  supplierenablement@boostb2b.com. To contact ACME directly, please reach out to our Virtual Pay Program Administrator, Deanna Parker, at virtualpayments@acme.com.

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.

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.

© 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.