Boost Payment Solutions

Boost Payment Solutions innovates with Worldpay for Platforms

Founded in 2009 and operating in more than 180 countries, New York City-based Boost Payment Solutions (Boost) is a B2B payments company focused on processing enterprise-level transactions.

Operating in a space where manual processes have long been the norm, Boost set out to redefine the payment experience for businesses by leveraging innovative technology and strategic partnerships. Through its collaboration with Worldpay for Platforms, Boost has been able to automate complex payment workflows, maintain compliance across global markets and introduce flexible solutions that adapt to the evolving needs of its customers.

Challenge

Enterprise payments have traditionally involved significant manual intervention, leading to inefficiencies and operational bottlenecks. Many technology providers in the sector still rely on manual processes behind the scenes, which can slow down money movement and increase the risk of errors.

Boost identified an opportunity to drive change by automating these manual aspects and delivering a seamless payment experience for businesses through their ongoing partnership with Worldpay for Platforms as a PayFac® developer.

The Boost Approach

Boost’s approach centers on building robust technology that automates every step of the payment process. Unlike competitors who continue to rely on manual operations, Boost invested in developing a core platform designed for automation and scalability. Over time, Boost has significantly increased the level of automation in their system, resulting in greater efficiency and reliability for their customers. This level of efficiency is made possible with the technology and support of Worldpay for Platforms.

Compliance is a key focus for Boost, especially as they expand into new markets. By partnering with Worldpay for Platforms, Boost benefits from a global money movement infrastructure that supports compliance across all countries in which they operate. Worldpay for Platforms’ expertise ensures that Boost can confidently deliver payments while meeting regulatory requirements.

Boost also recognizes that every customer has unique needs. The ability to adapt and tailor solutions is critical in providing the best possible service. This customer-centric approach is reflected in Boost’s product development strategy.

Boost recently launched Boost 100, a new product designed to maximize efficiency in accounts payable (AP) processes. By integrating Worldpay’s gateway product (WPG), Boost 100 enables businesses to pay 100% of their AP file by card – even to suppliers that do not accept card payments. This card-to-account solution opens new possibilities for businesses to streamline payments and optimize working capital.

Worldpay played an instrumental role in the development of Boost 100, providing the flexibility and expertise needed to think creatively and deliver a solution that meets the evolving demands of the B2B payments market.

Boost’s long-standing partnership with Worldpay for Platforms has been built on shared values of innovation and customer service. Worldpay’s openness to innovative ideas and willingness to explore creative solutions has enabled Boost to continually enhance and scale their offerings.

According to Sam Silver, chief of staff at Boost, “Worldpay has been a great partner in helping us develop new products.”

Results

• Increased automation: Boost has successfully automated manual processes, thereby improving efficiency and reducing operational risk.
• Global compliance: With Worldpay for Platforms, Boost ensures secure and compliant money movement across all its markets.
• Customer-centric solutions: Boost adapts to the unique needs of each customer, delivering tailored payment experiences.
• Innovative products: Boost 100, a card-to-account solution, expands payment options with Worldpay technology.

At a glance

Objective

Automate complex payment workflows, maintain compliance across global markets and introduce flexible solutions that adapt to the evolving needs of customers.

Worldpay solution

Worldpay for Platforms; PayFac

Impact

• Improved efficiency and reduced operational risk
• Secure and compliant money movement
• Tailored payment experiences
• Expanded payment options

“Worldpay has been a great partner in helping us develop new products.”

Sam Silver, Chief of Staff, Boost Payment Solutions

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