Simpler, smarter, safer
Virtual Card acceptance
For a limited time, use Boost Intercept® for your American Express virtual Card transactions at no additional cost.
Get paid faster, easier and more securely
Straight-through processing is quickly becoming the preferred method for implementing digital payments
of large firms are digitizing their AR operations1
of U.S. commercial card spend is estimated to be on virtual cards by 20252
of organizations use some version of STP to receive payments3
LIMITED TIME OFFER:
EXPERIENCE THE VALUE OF STP AT NO EXTRA COST
For a limited time, you can use Boost Intercept for your American Express virtual Card transactions at no additional cost.
A closer look at Straight-Through Processing with Boost Intercept
Eliminate manual workflows with end-to-end automation
Traditional B2B payment methods rely on risky and expensive manual processes. Eliminate time-consuming, labor-intensive and error-prone data entry for virtual Card payments with our patented straight-through processing platform.
Make informed decisions with actionable data
Traditional payment methods can result in lost or incomplete data, creating negative ripple effects up and down supply chains. Help improve your reconciliation process and payment transparency with automated enhanced remittance posting.
Help accelerate cash flow with guaranteed payments delivered on time, every time
Collection of late payments is frequently cited as one of the top three challenges faced by AR professionals. Boost Intercept users see an average reduction of over 40% in their days sales outstanding (DSO), unlocking working capital and improving cash flow.
Significantly increase protection for your sensitive payment data
Fraud and security risks are on the rise as bad actors target traditional payment types. The risk of fraud with commercial card payments and straight-through processing (STP) is significantly lower than traditional methods3 and the digital footprint makes suspicious activities easier to track. Plus, STP ensures that sensitive card data never enters your environment.
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GETTING STARTED
The teams at Boost and American Express are here to answer any questions you may have help you get started. Please complete the form below and we will be in touch soon.The value of STP with Boost Intercept
Save time and money by upgrading to the most secure B2B payment processing method available
FREQUENTLY ASKED QUESTIONS
Virtual credit cards are a flexible electronic payment method using 15- or 16-digit credit card numbers typically created for purchases at set amounts. Most commonly sent via email, they offer convenience, security, and speed in the B2B payments space. Virtual Cards can improve accounts payable (AP) processes, benefitting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. They also offer more safeguards against fraud than traditional business credit cards.
Boost processes virtual Cards in an automated way, eliminating manual processing steps.
For a limited time, qualifying American Express customers can receive Boost Intercept for their American Express virtual commercial Card transactions at no additional cost. Please contact your Amercian Express Client Manager for additional information.
Boost Intercept is also available for your non-American Express commercial card payments. We are happy to discuss options to implement STP on all of your commercial card payments.
Most companies elect to provide the information required from a “control manager” rather than a beneficial owner, which is sometimes difficult to capture. A control manager can be a manager in the company’s accounting or finance group.
Here are a few links that explain why Boost is required to obtain this information:
https://www.fincen.gov/news/news-releases/fincen-reminds-financial-institutions-cdd-rule-becomes-effective-today
https://www.fincen.gov/sites/default/files/2018-04/FinCEN_Guidance_CDD_FAQ_FINAL_508_2.pdf
Boost maintains strict protocols for information and data security as well as confidentiality and privacy. As noted above, we are subject to FINCEN (Financial Crimes Enforcement Network) and Anti-Money Laundering rules and are required to maintain specific PII (Personal Identifiable Information) as per government mandate.
We hope you understand our requirement to gather this information and will complete the fields in the application so we can complete the setup of your Boost account.