J.P.Morgan partners with US fintech Boost to automate payments

Thursday 14 November 2019 10:52 CET | News

Boost Payment Solutions has announced a strategic collaboration with J.P. Morgan to automate the delivery of J.P. Morgan’s single use card accounts in the US.

The partnership also aims to automate other commercial card payments to improve cash-flow, enhance and automate the exchange of remittance data and gain operational efficiency for both buyers and suppliers.

Boost, as a fintech acquirer exclusively focused on B2B payments, is well positioned to serve J.P. Morgan’s commercial card customers by enabling spend that is currently non-cardable to become cardable through Boost’s technologies and capabilities.

Boost’s proprietary Straight-Through Processing (STP) platform, Boost Intercept, which converts manually processed virtual cards into a completely passive acceptance experience for suppliers, coupled with its Dynamic Boost platform, which is the first and only payment platform that utilizes rules-based dynamic interchange pricing for commercial card payments, is a unique and powerful “one two punch” that has been warmly received by the commercial card issuing community.

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Keywords: Boost, J.P. Morgan, Commercial Cards, payments automation, partnership, straight0through processing, Boost Intercept, US, United States, single use card accounts
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech

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