Boost rolls out Dynamic Boost solution for commercial cards

Wednesday 17 October 2018 13:12 CET | News

Boost has announced the roll out of Dynamic Boost, a payment platform that applies rules-based, dynamic interchange pricing to commercial card payments.

Founded in 2009, the US-based B2B electronic payments provider optimises the way in which commercial card payments are initiated, processed, received, and reported, thus serving a spectrum of industries.

The company’s payment platform introduces pricing constructs that are based on contractual arrangements amongst buyers, suppliers, and card issuers, taking into consideration the needs of commercial card stakeholders.

Some of the main functions of the payment platform are:

  • expanding card acceptance across historically resistant suppliers;

  • providing time-based interchange adjudication;

  • allowing suppliers to budget the cost of card acceptance.

Dynamic Boost’s pricing configurability can be tailored to transaction size, periodic volume levels, payment terms, or other business rules established between trading partners. The platform is also fully integrated with Boost Intercept; thus, all commercial card payments are automatically transformed into an upgraded payment experience for suppliers.

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Keywords: Boost, Commercial Cards, Dynamic Boost, payment platform, interchange pricing, B2B, electronic payments, Boost Intercept, online payments
Countries: World

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