Boost Payment Solutions and J.P. Morgan to offer fully integrated automated payments
New York-based Boost Payment Solutions has announced a strategic collaboration with J.P. Morgan. Boost will now provide payment processing technology to automate the delivery of J.P. Morgan’s Single Use Card Accounts (SUA) and other commercial card payments. This is designed to improve cash-flow, automate the exchange of remittance data and gain operational efficiency for both buyers and suppliers.
Boost, a fintech acquirer exclusively focused on B2B payments, says it is positioned to serve J.P. Morgan’s commercial card customers by enabling spend that is currently non-cardable to become cardable.
Boost’s proprietary straight-through processing (STP) platform, Boost Intercept, converts manually processed virtual cards into a completely passive acceptance experience for suppliers. This is coupled with its Dynamic Boost platform, which uses rules-based dynamic interchange pricing for commercial card payments. Customers of J.P. Morgan will now have access to Boost’s platform and its network of STP acceptors.