Boost Payment Solutions, MasterCard form alliance
SAN JUAN – Boost Payment Solutions Inc., a provider of business-to-business payment technologies, announced a strategic alliance with MasterCard designed to expand Boost’s card-based straight-through processing (STP) payment solution in the Caribbean by leveraging Boost’s proprietary platform, Boost Intercept, and MasterCard’s global footprint.
Boost’s Intercept platform is a means to automate manually processed payments, which can serve as a source of “considerable savings and intelligence for all smart businesses” due to its reporting capabilities, the announcing release explains.
“Enterprises of all sizes continue to see the value in straight-through processed card payments and we’re very excited to offer our proprietary capabilities to businesses throughout the Caribbean region,” said Boost CEO Dean M. Leavitt. “Through our alliance with MasterCard, we look forward to unlocking the potential of commercial card payments for businesses across the Caribbean.”
Boost Intercept is now available in the United States, Canada, Europe, United Arab Emirates, Brazil and Australia.
“Access to funds is the lifeblood of every business and is fundamental for growth,” Marcelo Tangioni, Caribbean Territory Head at Mastercard, said in the release.