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American Express Partners with Boost Payment Solutions to Automate Virtual Card Processing

Author

Slice of Finance Team
03 Oct

Key Highlights:

  • Boost Intercept® offers automated virtual card processing at no additional cost to qualified U.S. merchants.

  • Streamlines payment acceptance and reduces manual data entry for virtual card payments.

  • Helps improve cash flow management with faster settlement and detailed transaction data.

Notable Quotes:

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“This collaboration benefits businesses on both sides of a B2B transaction because the process needs to work seamlessly for everyone involved.”

Colleen Taylor, President, Merchant Services – U.S. at American Express
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“We are thrilled to team up with American Express to provide a simpler, smarter, and safer option for accepting virtual Cards.”

Dean M. Leavitt, Founder and CEO at Boost Payment Solutions

Our Take:

This collaboration between American Express and Boost Payment Solutions is a significant move in automating B2B virtual card transactions. With over half of U.S. commercial card spend expected to be on virtual cards by 2025, this automation helps suppliers save time, reduce errors, and improve cash flow. By offering Boost Intercept® at no additional cost, American Express is further solidifying its position as a leader in providing innovative, efficient payment solutions for both buyers and suppliers in the B2B space.