View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 17, 2021

Conferma Pay partners with Boost to drive supplier payments

By Shalini mani

B2B virtual payment platform Conferma Pay has collaborated with Boost Payment Solutions to expedite supplier payments with virtual cards.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

As part of the tie-up, Boost will offer its proprietary straight-through processing (STP) solution, Boost Intercept, to provide payment flexibility to Conferma Pay’s network of issuers and card holders.

Boost Intercept is said to offer ‘cost-effective’ payment method for commercial trading partners by eliminating manual processes.

It is also designed to mitigate the risk associated with sharing and storage of sensitive data instructions.

Boost Payment Solutions Founder and CEO Dean Leavitt said: “Boost is excited to be working with Conferma Pay to deliver a powerful, STP solution that addresses many of the pain points associated with commercial card use and acceptance.

“This collaboration will maximise commercial card acceptance by transforming what is often a cumbersome manual process into a completely seamless and touchless experience for the supplier community.”

The global B2B payments marketplace, estimated at more than $120 trillion, majorly comprises traditional payment methods that require more time and manpower.

Conferma Pay-Boost partnership comes at a time when the businesses are said to struggle to onboard new suppliers and are burdened by a lack of tools to handle payments made by associates working remotely.

Conferma Pay CEO Simon Barker said: “The move toward digitisation and automation in B2B payments has accelerated demand for innovative technology solutions delivering more flexible payment processes with better visibility of transaction flows. Boost’s capabilities will further expand the options available to our issuer community.”

In May this year, New York-based Boost raised $22m in a Series C funding round to support its global growth across several industry verticals.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International